RITES shares soar 9% after bagging a $36 million locomotive supply order from South Africa

RITES shares surged 9 percent after the company secured a 36 million dollar locomotive supply order from South Africa, with execution expected over 20 months from the date of receipt. Separately, RITES bagged a Rs 175.41 crore project management consultancy contract from Babasaheb Bhimrao Ambedkar University for campus infrastructure development, to be executed over 30 months. The PSU also signed an MoU with Container Corporation of India to jointly offer PMC services for terminal development and upgradation.