BSECompany Update23h ago · 2 Nov 2026, 10:41 pm

RITES emerges as Lowest Bidder (L-1) in tender from Sri Lanka Railways

RITES Ltd · 541556

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RITES Ltd has emerged as the lowest bidder in a tender from Sri Lanka Railways for the supply of Broad Gauge Diesel Multiple Unit (DMU) Train Sets, with an estimated value of approximately Rs. 400 Crore.

Analysis Scores

Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10

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RITES Ltd - 541556 - Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order

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No. RITES/SECY/NSE (cid:465)दनांक: 2 नवंबर, 2026 To To (cid:871)लि(cid:232)टंग (cid:874)वभाग, कॉप(cid:574)रेट संबंध (cid:874)वभाग, नेशनल (cid:232)टॉक ए(cid:200)सच(cid:581)ज ऑफ इं(cid:875)डया (cid:871)ल(cid:871)मटेड, बीएसई (cid:871)ल(cid:871)मटेड, ए(cid:200)सच(cid:581)ज (cid:220)लाजा, सी -1, (cid:222)लॉक जी, बां(cid:289)ा - कुला(cid:91) रोटुंडा (cid:466)बि(cid:227)डगं , कॉ(cid:224)(cid:220)ले(cid:200)स, बां(cid:289)ा (पूव)(cid:91) , पी ज े टावस,(cid:91) दलाल (cid:232)(cid:282)(cid:547)ट, फोट(cid:91), 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: RITES emerges as Lowest Bidder (L-1) in tender from Sri Lanka Railways Dear Sir/ Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that RITES is the lowest bidder in the tender for Supply of Broad Gauge Diesel Multiple Unit (DMU) Train Sets for the Sri Lanka Railways. Further progress in the matter is subject to due process of Sri Lanka Railways scrutiny/ evaluation as per the requisite requirements mentioned in the tender documents. The estimated value of the bid is approximately Rs. 400 Crore (USD 41.45 Million). The detail of the order is as follows: Particulars Details a) Name of the entity awarding Sri Lanka Railways order(s)/contract(s) b) Significant terms and conditions of Supply of Broad Gauge Diesel Multiple Unit order(s)/contract(s) awarded in brief (DMU) Train Sets for the Sri Lanka Railways subject to due process of scrutiny/ evaluation c) Whether order(s) / contract(s) have International Entity been awarded by domestic/ international entity d) Nature of order(s) / contract(s) Supply of Broad Gauge Diesel Multiple Unit (DMU) Train Sets for the Sri Lanka Railways e) Whether domestic or international International Entity f) Time period by which the 12 months from opening of LC order(s)/contract(s) is to be executed Particulars Details g) Broad consideration or size of the Rs. 400 Crore Approx. order(s)/contract(s) h) Whether the promoter/ promoter group / No 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) would Not a Related Party Transaction fall within related party transactions? If yes, whether the same is done at “arm’s length”. यह आपक(cid:551) जानकार(cid:547) और (cid:464)रकॉड (cid:91)के (cid:871)लए है। This is for your information and records. Thanking you आपका (cid:874)व(cid:230)वासी/Yours sincerely, राइ(cid:618)स (cid:871)ल(cid:871)मटेड के (cid:871)लए/For RITES Limited (cid:467)न(cid:872)खल अ(cid:274)वाल/ Nikhil Agarwal कंपनी स(cid:876)चव और अनुपालन अ(cid:876)धकार(cid:547)/ Company Secretary & Compliance Officer सद(cid:232)यता स(cid:201)ं या: A42626/ M.No. A42626