RITES bags Rs 318-cr order from South African firm for supply of diesel electric locomotives

RITES Ltd has secured a significant order worth Rs 315.7 crore from South Africa. The company will supply diesel electric locomotives. This deal highlights growing international cooperation in railway technology. The project is expected to be comp...

New Delhi: RITES Ltd, an infrastructure, consultancy, and engineering firm, on Tuesday said it has bagged a Rs 315.7 crore order from an international firm for supply of service diesel electric locomotives in South Africa.

The development underlines growing international engagement in railway technology and marks an important achievement in bilateral rail cooperation.

The order has to be executed within one and a half year, RITES said in a filing to the BSE.


"RITES has received a letter of award from Ndalama Capital (Pty) Ltd, South Africa for supply and commissioning of in service diesel electric locomotives," the filing said, adding that the size of the order in terms of value is "USD 35,200,000."

RITES Ltd is a Navratna public sector enterprise under the Ministry of Railways.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Industry › Transportation › Railways › RITES bags Rs 318-cr order from South African firm for supply of diesel electric locomotives
Text Size:AAA
Success
This article has been saved

*

+