RITES filed its latest shareholding data with the exchanges on Tuesday evening.

What Happened: As of September 30, Foreign Institutional Investors’ stake in the railway infra company stood at 3.19%, equivalent to around 1.53 crore shares. This is an increase from the 2.73% stake equivalent to 1.31 crore shares reported around 10 days earlier on September 21.

On the other hand, LIC maintained its 6.27% stake in the railway PSU. Nippon India Small Cap Fund also held on to its 2.24% stake in the company.

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In October, RITES has been awarded several key contracts. RITES has secured a Letter of Acceptance (LOA) from Ntokoto Rail Holdings for the supply and commissioning of overhauled in-service Cape Gauge ALCO diesel-electric locomotives. The $5.40 million (₹45 crore) contract is expected to be completed within six months.

Earlier in the month, the company secured an international contract from Tsiko Africa Logistics worth $4.28 million (₹35.8 crore) for the supply and commissioning of overhauled Cape Gauge diesel-electric locomotives.

Shortly after, RITES also signed a memorandum of understanding with the Delhi Metro Rail Corporation to offer consultancy services, project management, detailed design, and feasibility studies for urban transit projects, aiming to deliver high-quality solutions both domestically and internationally.

Price Action: RITES’ share price was up 1.52% to close at ₹300.35 on Tuesday.

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.