RITES wins order amendment worth Rs 148.93 Cr from NUPPL

Order above 5% of revenueBusiness Updates View source PDF Explain this filing

RITES · price

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

-1.3%Reaction day

₹208.36

prior close

₹208.00

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.5%-0.8% vs market

Civil Construction peers, median of 98sector-0.5%-0.9% vs sector

On the reaction day the stock moved 0.8 pts less than Nifty Smallcap 250 and 0.9 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.6

15m

-0.3

30m

-0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.3-0.5-0.8-0.5-0.9

Next day

-1.9+0.1-2.0-0.4-1.5

+10.8+0.5+10.2-0.0+10.8

+7.6+1.6+6.0-0.2+7.8

+4.5+1.6+2.9-0.6+5.1

+3.9+2.1+1.7-1.4+5.3

+7.1-0.6+7.7-4.1+11.3

15d

+5.4+1.8+3.6-5.6+11.0

+5.2+1.5+3.7-5.6+10.8

+4.6+3.8+0.9-9.1+13.8

-7.8+0.2-8.0-12.7+4.9

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 98Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.