RITES has secured a fresh international order, reinforcing its presence in the global railway and transport infrastructure market. The company has received a Letter of Award for the supply of in-service Cape Gauge Diesel Electric Locomotives from Berhard Development Corporation (Private) Limited, Zimbabwe.
The contract has been awarded by an international entity and involves the supply of operational diesel electric locomotives built for Cape gauge rail networks, which are widely used across Southern Africa.
As per the disclosed details, the total contract value stands at USD 3.6 million, equivalent to approximately USD Three Million Six Hundred Thousand. The execution timeline for the project is three months, indicating a swift delivery schedule and quick revenue realization.
The scope of work strictly covers the supply of in-service Cape Gauge Diesel Electric Locomotives, with no additional civil or long-term maintenance obligations attached. RITES has confirmed that there is no promoter or promoter group interest in the awarding entity, and the transaction does not fall under related party transactions, ensuring full regulatory transparency and arm’s length execution.
