RITES secures Rs 78.65 crore NTPC locomotive leasing contract

Government or defence orderBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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₹270.11

prior close

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announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%+0.8% vs market

Civil Construction peers, median of 91sector-0.1%+1.1% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Smallcap 250 and 1.1 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

RITES has received a two-year rate contract from NTPC to hire diesel locomotives for power plants across India. Its indicative value is Rs 78.65 crore, excluding GST. The contract runs from September 20, 2025 to September 19, 2027. NTPC plants will issue separate purchase orders as needed, so the final value depends on actual requirements.

Likely market impact

Positive for order visibility, but revenue depends on NTPC issuing individual purchase orders; the full Rs 78.65 crore is not guaranteed.