Navratna Railway PSU RITES Ltd share price will remain in focus on Tuesday after the company secured major order from Oil India on March 29, 2025. RITES also received another order from Numaligarh Refinery Limited today. Last trading price of the scrip is Rs 223.45 per share with intraday fall of 3.25% as on March 28, 2025. The stock plunged 6.64% in last 1-week and gained over 9% in last 1-month. Life Insurance Corporation of India (LIC) has 5.89% stake in the PSU. Earlier this year, RITES shares traded ex-dividend on March 31, 2025 for interim dividend of Rs 1.90 per share. Check more details given below:
RITES Receives Order From Oil India
According to the exchange filing of RITES dated March 29, 2025, “We are pleased to inform you that RITES has received Letter of Award from Oil India Limited for “Construction of Workmen Housing Complex (BQ Area) at OIL, Duliajan on Turnkey Basis under Depository Works Mode”.” The order is worth Rs. 157.25 Crore excluding GST (including Executing Agency Charges) and must be executed in 36 months.
RITES Wins Order From Numaligarh Refinery Limited
The exchange filing of the PSU dated March 29 stated, “We are pleased to inform you that RITES has received Letter of Award from Numaligarh Refinery Limited for “Railway Sidings at NRL Panchgram Terminal, 3rd Railway Spur at Rangapani (SMT) and Duliajan (Crude Oil TW Loading Railway Siding) of OIL” on turnkey on cost plus mode subject to detailed Engineering approval from Railways.”
The order is worth Rs 155.50 crore excluding GST (including PMC / Consultancy Fees). It has to be executed in 24 months from site handover.
Earlier on March 17, 2025 RITES bagged major order from Ntokoto Rail Holdings. The value of order was revised from 5.40 Million USD (CIF) to 10.80 Million USD (CIF). The time period by which the order needs to be completed is 6 Months from the date of receipt of Advance for the additional awarded work, added the exchange filing.
RITES Shares Performance
The 52-week high price of Navratna RITES stood at Rs 398.50 per share (as on 08/07/2024) and 52-week low price is Rs 192.30 per share (as on 03/03/2025), respectively. RITES shares witnessed corrections of 24.32% year-to-date (YTD), slipped over 37% in last 6-months, and fell again by 32.7% in last 1-year. In last 2-years, RITES stock gained 31.75% and zoomed 75.76 in last 3-years. The stock gained 81.55% in last 5-years.
RITES Dividend In 2025
RITES on January 28, 2025 announced its 3rd interim dividend of Rs 1.90 per share (19.00 % of paid-up share capital). The ex-dividend date was fixed as February 1, 2025.
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