Image Source: Navaneeth Krishnan S, CC BY-SA 3.0, via Wikimedia Commons
New Delhi – RITES Limited (Scrip Code: 541556), a leading transport infrastructure consultancy and engineering company, has secured a significant rate contract from NTPC Limited.
The contract is for the leasing of diesel locomotives to various NTPC power plants across the country.
The deal has an indicative value of Rs. 78.65 Crores, excluding Goods and Services Tax (GST). However, it is important for investors to understand that this is a “rate contract”.
This means the final value will depend on the actual purchase orders placed by different NTPC stations according to their specific requirements over the life of the contract.
The contract will be executed over a two-year period, starting from 20th September 2025 and concluding on 19th September 2027. The agreement was awarded by NTPC Limited, a domestic entity.
In its official filing, RITES confirmed that the deal does not fall under related party transactions and that its promoter groups have no interest in NTPC, ensuring the contract is conducted at arm’s length.
The company formally notified the National Stock Exchange and the BSE of this development on 19th September 2025.
This information was disclosed to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Ashok Mishra, Company Secretary & Compliance Officer for RITES Limited.
Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. We are not registered financial advisors. Please conduct your own research and consult a qualified advisor before making investment decisions. Any investment decisions you make based on this information are solely at your own risk.
हे गुडाकेश! मैं सभी प्राणियों के हृदय में स्थित आत्मा हूँ। मैं उन्हें मार्गदर्शन और स्थिरता देता हूँ।
I am the Self, O Gudakesha, seated in the hearts of all beings. I guide them and provide stability in life.
