RITES Limited , a prominent Indian public sector enterprise, has announced a significant international contract win, further solidifying its position in the global railway solutions market.

Contract Details

RITES has received a letter of award from Talis Logistics, a South African company, for the supply and commissioning of overhauled Cape Gauge ALCO Diesel Electric Locomotives. The international contract is valued at USD 18.00 million (CIF - Cost, Insurance, and Freight).

Project Scope and Timeline

The order involves the overhauling of in-service locomotives for the South African logistics company. According to the company's disclosure, RITES is committed to completing the delivery within 6 to 8 months from the receipt of advance payment.

Strategic Importance

This contract marks an important step for RITES in expanding its international footprint, particularly in the African market. The project showcases the company's expertise in locomotive overhaul and its ability to secure significant overseas contracts.

Transparency and Compliance

In its filing to the stock exchanges, RITES confirmed that the promoter groups have no interest in the awarding entity, Talis Logistics. Furthermore, the company clarified that this transaction does not constitute a related party transaction, ensuring transparency in its business dealings.

Company Background

RITES Limited, established in 1974, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. The company has been actively pursuing international projects, leveraging its expertise in the railway sector.

This new contract underscores RITES' continued efforts to diversify its portfolio and strengthen its presence in the global market for railway solutions and services.

RITES Limited , a leading transport infrastructure consultancy and engineering firm, held its 51st Annual General Meeting (AGM) on September 23, 2025, through video conferencing. The company's shareholders approved all resolutions, including a final dividend of ₹2.65 per share for the financial year 2024-25.

Dividend Payout

The total dividend for FY2024-25 amounts to ₹7.55 per share, comprising:

• Final dividend: ₹2.65
• Three interim dividends: ₹4.90 (total)

This represents a significant dividend payout ratio of 95.40%, with the total dividend amounting to ₹363.00 crore.

Financial Performance

RITES reported the following consolidated financial results for FY2025:

Business Segment Performance

The company's revenue breakdown by business segment:

Management's Perspective

Rahul Mithal, Chairman & Managing Director of RITES Ltd., addressed the shareholders, stating:

"FY2025 was not just a year of challenges—it was the year we reset, rebuilt, and reaffirmed our place in a rapidly evolving infrastructure world. Our journey ahead is about more than providing solutions—it's about asking the questions that lead to lasting impact."

Corporate Governance

The AGM also saw the appointment of four new Independent Directors:

• Shri Likha Togu
• Shri Rajbir Sharma
• Dr. Dineshananda Goswami
• Smt. Purnima Kerketta

Additionally, the shareholders approved:

• Alteration of the company's Articles of Association
• Appointment of M/s Agarwal S & Associates as the Secretarial Auditor

Looking Ahead

Despite the challenges faced in FY2025, RITES Limited remains committed to shaping infrastructure and making a lasting impact. The company's strong dividend payout and strategic appointments indicate its focus on shareholder value and corporate governance as it navigates the evolving infrastructure landscape.