Announced Mon, 6 Jul · 22:17 IST
RITES bags USD 35.82M South Africa locomotive export order
RITES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.2%1-day move
₹216.40
prior close
₹226.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.3+1.6+0.9+2.7+3.2+2.8+4.9+4.6+2.4+1.3————
Up moveDown movePending
AI summary
RITES has secured an order from Volantis Asset Finance, South Africa for supply and commissioning of 4000 HP Cape Gauge Diesel Electric Locomotives. Order value is USD 35.82 million with a 20-month execution timeline. It is an international, non-related-party contract that will be added to the order book after due diligence and final signing.
Likely market impact
Positive - adds about USD 35.82M to export order book, boosting revenue visibility over 20 months and strengthening international footprint.