Announced Wed, 8 Apr · 18:50 IST
RITES NALCO order value raised to Rs 118.89 Cr from Rs 79.73 Cr
Business Updates View source PDF
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
+3.0%1-day move
₹200.75
prior close
₹204.19
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+4.2+3.0+1.8+1.0+3.0+2.4+5.9+7.8+10.7+9.6+10.1+11.3+2.0+10.8
Up moveDown movePending
AI summary
RITES received an amendment to its March 2021 LOA from NALCO, raising the contract value for Detailed Engineering & PMC work on a railway siding at Utkal-D Coal Mines (Sankerjang, Phase-I) from Rs 79.73 Cr to Rs 118.89 Cr (excl. GST), a ~49% increase. The order is domestic, on a cost-plus turnkey deposit basis, ongoing, and not a related-party transaction. NALCO is a government PSU under the Ministry of Mines.
Likely market impact
Positive — sizable order book addition from a government PSU improves revenue visibility; no related-party concerns.