RITES wins USD 20.6 million locomotive export order from Mozambique

Export Order Hard CurrencyBusiness Updates View source PDF Explain this filing

RITES · price

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

+1.0%Reaction day

₹217.71

prior close

₹218.93

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.2%+0.8% vs market

Civil Construction peers, median of 94sector+0.0%+1.0% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Smallcap 250 and 1.0 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

+4.7+2.1+2.6+1.6+3.1

+3.5+2.1+1.4+0.7+2.8

+4.9+2.9+1.9+1.5+3.3

+1.5+1.3+0.2+0.7+0.8

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+2.3+3.9-1.6+3.0-0.6

15d

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-15.3-4.3-11.0-13.4-1.9

+2.0+9.1-7.2+5.4-3.5

UpDownMarket · Nifty Smallcap 250Sector · Civil Construction peers, median of 94Pending

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

AI summary

RITES received a Letter of Intent from ICVL Mozambique to supply new Cape Gauge Diesel Electric Locomotives with preventive maintenance services and consumable spares. Total order value is USD 20.6 million (around Rs 175 crore). Delivery timeline is 15 months for supply and 24 months for maintenance. This is an international order and not a related party transaction.

Likely market impact

Adds to export order book and improves revenue outlook from international business; positive sentiment for the stock.