Rites Ltd Secured A Major Order from RDSO
Rites Ltd Secured A Major Order from RDSO for ₹105.69 crores.
Rites Limited, a leading player in the transport consultancy and engineering sector in India, on March 22, 2026, announced that,
The Company has received a Letter of Acceptance (LOA) from Research Designs and Standards Organisation (RDSO), Lucknow, India. Source: BSE
Order Details
According to the exchange details, it is a comprehensive maintenance contract for a dedicated test track between Gudha and Thathana Mithri stations of the Jodhpur division of North Western Railway (NWR).
The transaction (contract) is between the Government and Government Company, a company spokesperson said.
Rites Ltd Secured A Major Order from RDSO
Size of the Order
The total value of the new order is ₹105.69 crores (Rupees One Hundred Five Crores Sixty-nine Lakhs Only), excluding GST.
Duration
The order is to be executed over a period of 60 months from the date of issuance of the Letter of Acceptance, a company official added.
Exchange Compliance
The Company has disclosed these details in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Refer to rites limited news today for further information.
Market Cap: The company’s market capitalization is ₹8,825 Cr.
Technical: The stock is currently trading below its 20-day, 50-day, 100-day, and 200-day Simple Moving Average.
Price Performance: The stock has fell 23.50% over the past year, declined 24.50% year to date, declined 24% over the last three months, and declined 16.50% in the past month.
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