RITES Limited has signed a Memorandum of Understanding (MoU) with Steel Authority of India Limited (SAIL) to provide specialized railway services. The agreement includes wet leasing of locomotives and higher schedule maintenance of SAIL-owned diesel-electric locomotives. This collaboration aims to enhance efficiency, reliability, and safety of SAIL’s in-house railway systems and strengthens rail-based logistics for SAIL’s expanding steel production capacity.
Strategic Collaboration with SAIL
RITES Limited has formalized a Memorandum of Understanding (MoU) with Steel Authority of India Limited (SAIL) on February 2, 2026. This partnership aims to support SAIL’s plants and mines through specialized railway services.
Scope of the Agreement
The MoU encompasses providing specialized railway services, including the wet leasing of locomotives, and ensuring higher schedule maintenance for SAIL’s existing fleet of diesel-electric locomotives.
Enhancing Efficiency and Reliability
This collaboration is strategically designed to enhance the efficiency, reliability, and safety of SAIL’s in-house railway operations, enabling SAIL to concentrate on its core steel production activities.
Long-Term Engagement
RITES has a history of supporting SAIL plants for over two decades. This MoU formalizes a long-term engagement. The agreement will significantly strengthen rail-based logistics, which is crucial to SAIL’s expanding steel production capacity. The collaboration underscores RITES’ commitment to providing comprehensive and customized solutions to its clients.
Source: BSE
