NSEBagging/Receiving of orders/contracts6 Jul 2026 · 6 Jul 2026, 10:17 pm
Bagging/Receiving of orders/contracts
RITES Limited · RITES
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RITES Limited has informed the Exchange about Intimation regarding Major Order Secured, securing a contract worth USD 35,820,000 for the Supply and Commissioning of 4000 HP Cape Gauge Diesel Electric Locomotives from Volantis Asset Finance (Pty) Ltd., South Africa.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment9/10
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Full Announcement
RITES Limited has informed the Exchange about Intimation regarding Major Order Secured.
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RITES_06072026221656_Intimationsigned.pdf
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No. RITES/SECY/NSE Date: July 06, 2026
To To
Listing Department, Corporate Relationship Department,
National Stock Exchange of India Limited, BSE Limited,
Exchange Plaza, C-1, Block G, Bandra - Rotunda Building,
Kurla Complex, Bandra (E), P J Towers, Dalal Street, Fort,
Mumbai – 400051 Mumbai - 400 001
Symbol- RITES Scrip Code- 541556
Subject: Intimation 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, we are pleased to inform you that RITES
has received an acceptance of its offer regarding “Supply and Commissioning of 4000 HP Cape
Gauge Diesel Electric Locomotives” from Volantis Asset Finance (Pty) Ltd., South Africa.
Contract Agreement shall be signed against this communication after due diligence at both
ends and thereafter, the same shall be added to order book. The details of the communication
are as follows:
Particulars Details
a) Name of the entity awarding order(s)/ Volantis Asset Finance (Pty) Ltd.
contract(s)
b) Significant terms and conditions of Supply and Commissioning of 4000 HP Cape
order(s)/contract(s) awarded in brief Gauge Diesel Electric Locomotives.
c) Whether order(s) / contract(s) have International Entity
been awarded by domestic/
international entity
d) Nature of order(s) / contract(s) Supply and Commissioning of 4000 HP Cape
Gauge Diesel Electric Locomotives.
e) Whether domestic or international International
f) Time period by which the order(s)/ 20 months
contract(s) is to be executed
Particulars Details
g) Broad consideration or size of the USD 35,820,000 (US Dollars Thirty-Five Million
order(s)/contract(s) Eight Hundred and Twenty Thousand).
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”.
Remarks: Contract Agreement shall be signed against this communication after due diligence
at both ends and thereafter, the same shall be added to order book.
This is for your information and records.
Thanking You,
Yours sincerely
For RITES Limited
Nikhil Agarwal
Company Secretary & Compliance Officer
Membership No.: A42626