New Delhi, July 7 -- RITES share price jumped over 8% in early trade on Tuesday, after the company bagged an export order. The PSU railway stock rallied as much as 8.19% to Rs.233.65 apiece on the BSE.

The state-run Navratna company said it received an acceptance of its offer from Volantis Asset Finance (Pty) Ltd., South Africa, for the supply and commissioning of 4000 HP Cape Gauge diesel electric locomotives.

"Contract Agreement shall be signed against this communication after due diligence at both ends and thereafter, the same shall be added to the order book," RITES said in a regulatory filing on July 6.

The international order is valued at $35.82 million and is scheduled to be executed over a period of 20 months.

Earlier this mon...