Rs 8,790 crore order book: Railway company receives order of Rs 36,22,69,344 from Damodar Valley Corporation

DSIJ Intelligence-1 / 03 Oct 2025/ Categories: Mindshare, Trending

The stock is up over 30 per cent from its 52-week low of Rs 192.30 per share.

RITES Limited has received a significant work order from the Damodar Valley Corporation (DVC) valued at Rs 36,22,69,344 (excluding GST). The contract involves the Annual Maintenance Contract (AMC) of Railway Sidings tracks, Operation & Maintenance (O&M) of Signalling & Telecommunication (S&T) systems, and the operation of 25KV OHE isolators and associated systems at the DVC Mejia Thermal Power Station. This comprehensive order is scheduled for execution over a period of 730 days from the date of work commencement.

Earlier, the company signed a Memorandum of Understanding (MoU) with Etihad Rail and its subsidiary, NICC LLC, in Abu Dhabi to boost collaboration on mobility and infrastructure projects in the UAE and internationally, leveraging RITES's five decades of expertise and NICC's execution capabilities. The agreement, signed by RITES Chairman Rahul Mithal and Etihad Rail CEO H.E. Shadi Malak, strengthens RITES's global strategy, which was further enhanced by a separate USD 18 million international contract from Talis Logistics, South Africa, for the supply and commissioning of overhauled Cape Gauge ALCO Diesel Electric Locomotives.

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About the Company

Established in 1974, RITES Limited is a leading public sector player in India's transport consultancy and engineering, offering diversified services from locomotive and train manufacturing to consultancy, exports, leasing and turnkey projects across Railways, metros, airports, ports, highways, ropeways and urban infrastructure. As India's export arm for rolling stock (except Thailand, Malaysia, and Indonesia), it boasts expertise in various gauges and caters to diverse transportation needs.

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The stock has a 52-week high of Rs 370.50 per share & a 52-week low of Rs 192.30 per share and has been maintaining a healthy dividend pay-out of 95.4 per cent. The company has a market cap of over Rs 12,000 crore and as of June 30, 2025, its Order Book stands at Rs 8,790 crore. The stock has an ROE of 15 per cent and an ROCE of 21 per cent. The stock is up over 30 per cent from its 52-week low of Rs 192.30 per share.

Disclaimer: The article is for informational purposes only and not investment advice.