RITES share price jumps over 8% after bagging overseas locomotive supply order worth $36 million

RITES share price surged over 8%, touching Rs 233.65 on the BSE, after the PSU railway consultancy bagged an export order valued at $35.82 million from Volantis Asset Finance (Pty) Ltd., South Africa, for supply and commissioning of 4000 HP Cape Gauge diesel electric locomotives, to be executed over 20 months. The company had earlier this month also secured a Project Management Consultancy order from Babasaheb Bhimrao Ambedkar University worth Rs 175.41 crore.