Rs 7,978 Crore Order Book: Railway Civil Construction Company Bags Orders Worth Rs 28,00,00,000 From Mahanadi Coalfields Ltd
The company has a market cap of over Rs 11,000 crore and as of December 31, 2024, its order book stands at Rs 7,978 crore.
RITES Limited has secured a significant work order from Mahanadi Coalfields Limited (MCL) to provide Detailed Engineering & Project Management Consultancy services for the crucial "Rail Connectivity for proposed phase-II SILO at Lakhanpur Area of MCL." This domestic order, valued at ₹28.00 crores excluding GST, is slated for execution over a period of 24 months and underscores RITES' expertise in delivering comprehensive infrastructure consultancy for the coal sector.
About the Company
Established in 1974, RITES Limited is a leading public sector player in India's transport consultancy and engineering, offering diversified services from locomotive and train manufacturing to consultancy, exports, leasing and turnkey projects across railways, metros, airports, ports, highways, ropeways and urban infrastructure. As India's export arm for rolling stock (except Thailand, Malaysia, and Indonesia), it boasts expertise in various gauges and caters to diverse transportation needs.
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The company has a market cap of over Rs 11,000 crore and as of December 31, 2024, its order book stands at Rs 7,978 crore. The stock has a 52-week high of Rs 398.50 per share & a 52-week low of Rs 192.30 per share and has been maintaining a healthy dividend pay-out of 88.3 per cent. The stock has an ROE of 18 per cent and an ROCE of 25 per cent. Investors should keep a close eye on this railway civil construction stock under the radar.
Disclaimer: The article is for informational purposes only and not investment advice.