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.

ALSO READ: Happy Forgings Limited (Value Pick Stock March 2026)

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I (Vishal Dalwadi) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

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“Secures New Order”

Rail India Technical and Economic Service Limited (RITES Ltd) – a wholly owned subsidiary of the Indian Railways, today in its regulatory filing has said that the company has secured a new business order for “Construction of Depot cum Workshop” worth of INR 499.41 Cr from Bangalore Metro Rail Corporation Limited (BMRCL)

The share of RITES Limited in the order is 51%.

RITES LTD is currently trading at INR 372 (UP 8%) with a volume of 38,65,458 shares on the National Stock Exchange (NSE)

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14 June 2018

Rites Limited – a wholly owned Government of India Company, a Miniratna (Category – I) Schedule – A Public Sector Enterprise and a leading player in the Transport Consultancy and Engineering sector in India – is planning to raise INR 453.6 – 466.2 Cr (all OFS) via initial public offer (IPO)

RITES Limited – Company Profile

• Started in the year 1974, RITES Limited is a Government of India Enterprise, under the aegis of Indian Railways.
• RITES Limited an ISO 9001:2008 company, is a multi-disciplinary consultancy organization in the fields of Infrastructure, Transport, and related Technologies.

RITES Limited – Working Area

• RITES Limited is a multidisciplinary engineering and consultancy organization providing diversified and comprehensive array of services from concept to commissioning in all facets of transport infrastructure and related technologies.
• The major business engagements as consultants, engineers and project managers are in airports, highways, ports, railways, ropeways, urban transport and inland waterways in India and abroad.
• The company also provides services of third party inspection, quality assurance, construction supervision & project management, operations & maintenance, leasing, export of rolling stock, solar & wind energy and modernization of railways workshop projects on turnkey basis.
• In overseas projects, RITES actively pursues and develops cooperative links with local consultants/firms, as means of maximum utilization of local resources and as an effective instrument of sharing its expertise.

RITES Limited – Company’s Expertise

• Design, engineering and consultancy services in transport infrastructure sector with a focus on railways, urban transport, roads and highways, ports, inland waterways, airports, and ropeways;
• Leasing, export, maintenance, and rehabilitation of locomotives and rolling stock;
• Undertaking turnkey projects on engineering, procurement and construction basis for the railway line, track doubling, 3rd line, railway electrification, up gradation works for railway transport systems and workshops, railway stations, and construction of institutional/ residential/ commercial buildings, both with or without equity participation; and
• Wagon manufacturing, renewable energy generation and power procurement for Indian Railways through collaborations by way of joint venture arrangements, subsidiaries or consortium arrangements

RITES Limited – Client List

In India, RITES Limited clients include various central and state government ministries, departments, instrumentalities as well as local government bodies and public sector undertakings.

• The list include Airports Authority of India, Bharat Coking Coal Limited, Dedicated Freight Corridor Corporation of India Limited, DMRC, Hindustan Petroleum Corporation Limited, High Speed Rail Corporation of India Limited, Indian Railways, Indian Port Rail Corporation Limited, Metro Link Express for Gandhinagar and Ahmedabad (MEGA) Company Limited, NTPC, Public Works Department, Rashtriya Ispat Nigam Limited, Steel Authority of India Limited, among others.
• The Company also engage with various large private sector corporations including AFCON Infrastructure Limited, ARK Services, Cimmco Limited, Geokno India Private Limited, Indian Geotechnical Services Limited, INCAP, Kanti Bijlee Utpadan Nigam Limited (KBUNL), L&T Metro Rail (Hyderabad) Limited, Mahalsa Constructions Private Limited, Marymatha Constructions Limited, MNEC Consultants Private Limited, Rajdeep Buildcon Private Limited, Snowmex Engineers Limited, Titagrah Wagons Limited, Unity Infraprojects Limited, and NATRIP Implementation Society, among others.

Company Promoters

The Promoter of the company is the President of India acting through the Ministry of Railway.

IPO Opening / Closing Date

IPO Details – Price, Minimum Bid and Other

Financial Performance

Revenues

RITES Limited shows steady revenue growth in recent years. Top-line has been increasing regularly for the past 5 years and jumped from INR 1083 Cr in FY 2013 to INR 1564 Cr for the period ended FY 2017. (653.31 Cr till Sept 2017)

Profits

Though the company has shown steady growth in revenue, the company fails to register consistent growth in profits in past 5 years. Starting from INR 233 Cr of profits in FY 2013, the company’s earnings stood at INR 362 Cr for the period ended FY 2017.

CONCLUSION –

Considering company’s valuation and financial parameters, FinBlab recommends NEUTRAL ratings on RITES Limited IPO

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1) Finblab’s Valuepick Stock for the month of June – Sundram Fasteners Limited

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post RITES Limited IPO – Analysis, Update appeared first on Upcoming ipos: Latest news on stocks, economy & finance.