RITES wins order amendment worth Rs 148.93 Cr from NUPPL

Order Above 5pct RevenueBusiness Updates View source PDF

RITES · price

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Price reaction · full curve 14 horizons · vs prior close

-1.9%1-day move

₹208.36

prior close

₹208.00

base price

After-mkt

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AI summary

RITES has amended its existing MoU with Neyveli Uttar Pradesh Power Limited (NUPPL), a joint venture of NLC India and UP Rajya Vidyut Utpadan Nigam. The contract value has been raised from Rs 120.13 Crore to Rs 148.93 Crore excluding GST, for comprehensive operation and maintenance of the NUPPL-GTPP Railway Siding along with wet-lease of locomotives for 48 months. Total period is 5 years from the original MoU dated February 13, 2025.

Likely market impact

Contract value up by about Rs 29 Cr (24 percent rise), adding to revenue visibility for 5 years from a government PSU client.