RITES Limited has secured a rate contract from NTPC Limited for hiring of diesel locomotives on a lease basis for NTPC power plants across the country. The indicative value of the rate contract is ₹78.65 Crores (excluding GST). NTPC stations will place separate purchase orders from time to time within the contract’s validity. The contract is valid from 20.09.2025 to 19.09.2027.
Contract Overview
RITES Limited has been awarded a Rate Contract by NTPC Limited for the hiring of Diesel Locomotives. These locomotives will be leased to NTPC Power Plants situated across the country.
Key Contract Details
- Entity Awarding the Contract: NTPC Limited
- Nature of the Contract: Hiring of Diesel Locomotives on Lease Basis
- Geographical Scope: NTPC Power Plants across the Country
- Type of Entity: Domestic
Financial Aspects
The indicative value of this Rate Contract is ₹78.65 Crores (excluding GST). It is important to note that the actual value of orders will be contingent upon the specific requirements at various NTPC stations and will be determined by individual purchase orders.
Contract Timeline
The contract is set to be in effect from 20.09.2025 and will remain valid until 19.09.2027.
Source: BSE