RITES Limited has secured a significant international order from Ndalama Capital (Pty) Ltd. in South Africa. The order, valued at USD 35.2 million, involves the supply and commissioning of in-service Cape Gauge ALCO diesel-electric locomotives. This project is expected to be completed within 18 months and marks a notable expansion of RITES’ international operations.
International Locomotive Supply
RITES Limited has announced a new order from Ndalama Capital (Pty) Ltd., based in South Africa, for the supply and commissioning of diesel-electric locomotives. This international contract represents a significant achievement for RITES in expanding its footprint in the African market. The letter of award was received recently, setting the stage for project execution.
Contract Details
The project involves supplying and commissioning in-service Cape Gauge ALCO diesel-electric locomotives on a CIF basis in South Africa. The total value of this order is USD 35,200,000.00 (Thirty-Five Million Two Hundred Thousand US Dollars). RITES will execute this order within a period of 18 months. This is an international order.
Source: BSE