RITES jumps 7% on ALCO locomotive order from Africa Rail Company
RITES Limited's stock jumped 7.4% to ₹299.80 after securing a $3.6 million international order to supply and commissioning of two fully overhauled ALCO diesel electric locomotives from Africa Rail company. A ₹37.81 crore railway station redevelopment contract from South Western Railway further boosted investor sentiment, highlighting strong traction in both domestic and overseas markets.