NSEBagging/Receiving of orders/contracts25 Jun 2026 · 25 Jun 2026, 05:41 pm
Bagging/Receiving of orders/contracts
RITES Limited · RITES
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RITES Limited has informed the Exchange about bagging/receiving of orders/contracts, specifically a comprehensive operation and maintenance contract for NUPPL/GTPP Railway Siding and hiring of locomotives on a wet-lease basis for 48 months, with a contract value enhanced from Rs. 120.13 Crores to Rs. 148.93 Crore excluding GST.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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RITES Limited has informed the Exchange about Bagging/Receiving of orders/contracts
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RITES_25062026174055_IntimationSigned.pdf
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No. RITES/SECY/NSE Date: June 25, 2026
To To
Corporate Relationship Department,
Listing Department,
BSE Limited,
National Stock Exchange of India Limited,
Rotunda Building,
Exchange Plaza, C-1, Block G, Bandra -
P J Towers, Dalal Street, Fort,
Kurla Complex, Bandra (E),
Mumbai - 400 001
Mumbai – 400051
Symbol- RITES Scrip Code- 541556
Subject: Update regarding Major Order Secured
Dear Sir/ Madam,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 and in continuation to our
intimation dated February 13, 2025, we are pleased to inform you that RITES and Neyveli
Uttar Pradesh Power Limited (NUPPL) has executed amendment to the Memorandum of
Understanding (MoU) for inclusion of hiring of locomotives on a wet-lease basis for in
plant movement and shunting of rakes at NUPPL-GTPP Railway Siding in the existing
work. The details of the work are as follows:
Particulars Details
a) Name of the entity awarding Neyveli Uttar Pradesh Power Limited
order(s)/contract(s) (NUPPL) a joint venture of NLC India Limited
(Govt. of India Enterprise) and Uttar Pradesh
Rajya Vidyut Utpadan Nigam Limited
(Government of Uttar Pradesh Enterprise).
b) Significant terms and conditions of Comprehensive Operation & Maintenance of
order(s)/contract(s) awarded in brief NUPPL/GTPP Railway Siding and hiring of
locomotives on a wet-lease basis for 48
months.
c) Whether order(s) / contract(s) have Domestic Entity
been awarded by domestic/
international entity
d) Nature of order(s) / contract(s) Comprehensive Operation & Maintenance of
NUPPL/GTPP Railway Siding and hiring of
locomotives on a wet-lease basis for 48
months.
Particulars Details
e) Whether domestic or international Domestic Entity
f) Time period by which the 5 years from the original MOU entered on
order(s)/contract(s) is to be executed 13.02.2025.
g) Broad consideration or size of the Contract Value has been enhanced from Rs.
order(s)/contract(s) 120.13 Crores to Rs. 148.93 Crore excluding
GST.
h) Whether the promoter/ promoter No
group / group companies have any
interest in the entity that awarded the
order(s)/contract(s)? If yes, nature of
interest and details thereof
i) Whether the order(s)/contract(s) Not a Related Party Transaction
would fall within related party
transactions? If yes, whether the
same is done at “arm’s length”.
This is for your information and records.
Thanking You.
Yours sincerely,
For RITES Limited
Nikhil Agarwal
Company Secretary & Compliance Officer
Membership No.: A42626