RITES Limited has been awarded a Letter of Intent (LOI) from ICVL, Mozambique, for the supply of New Cape Gauge Diesel Electric Locomotives. This contract includes provision for Preventive Maintenance Services, including consumable spares, and is valued at USD 20,602,500. The project is set to be completed within 15 months for supply and an additional 24 months for maintenance.
New International Order
RITES Limited has secured a significant international contract in Mozambique. The company received a Letter of Intent (LOI) from ICVL to supply New Cape Gauge Diesel Electric Locomotives.
Contract Details
The contract encompasses not only the supply of locomotives but also the provision of Preventive Maintenance Services, including all necessary consumable spares. Valued at USD 20,602,500, the contract signifies a substantial addition to RITES Limited’s international portfolio.
Project Timeline
The project is structured with a clear timeline. The supply of the locomotives is expected to be completed within 15 months. Following the supply phase, RITES Limited will also provide maintenance services for an additional 24 months.
Source: BSE
