RITES Limited has informed the Exchange about Receiving of orders from Ndalama Capital (Pty) Ltd., South Africa
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Awaiting price reaction for this filing.
RITES Limited has received a new order from Ndalama Capital (Pty) Ltd., a South African company. This indicates the company is expanding its international order book with a client based in Africa. The exact value and scope of the order have not been disclosed in this filing. RITES, a government-owned consultancy under the Ministry of Railways, regularly secures overseas projects in transport and infrastructure consulting.
Adds to RITES' growing international order pipeline, which is positive for revenue visibility, though the absence of order value limits assessment of materiality. Watch for follow-up filings disclosing order size and segment details.