Rs 9,090 crore order book: Railway Company Wins USD 20.6 Million International Order for Locomotives in Mozambique
DSIJ Intelligence-2Categories: Mindshare, Trending
The stock is up over 14 per cent from its 52-week low of Rs 192.30 per share.
RITES Limited has secured a USD 20,602,500 international contract from ICVL, Mozambique, strengthening its global presence in the Railway solutions sector. The agreement covers the supply and maintenance of railway rolling stock, further establishing RITES as a reliable infrastructure partner for international railway entities.
Under the scope of work, RITES will supply New Cape Gauge Diesel Electric Locomotives to ICVL. In addition to the locomotive supply, the contract includes on-site Preventive Maintenance Services along with the provision of consumable spares, ensuring uninterrupted operational support during the maintenance phase.
The execution schedule is divided into two parts: a 15-month timeline for the delivery of locomotives and a 24-month duration for the maintenance activities. The total order value stands at USD 20,602,500 (Twenty Million Six Hundred and Two Thousand and Five Hundred U.S. Dollars). This development reinforces the company’s position as a significant international player offering end-to-end infrastructure and maintenance solutions to global railway operators.
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.
The stock has a 52-week high of Rs 316 per share & a 52-week low of Rs 192.30 per share and has been maintaining a healthy bonus-stock-split">dividend pay-out of 95.4 per cent. The company has a market cap of over Rs 10,500 crore and as of June 30, 2025, its Order Book stands at Rs 9,090 crore. The stock has an ROE of 15 per cent and an ROCE of 21 per cent. The stock is up over 14 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.