Sunday, August 10, 2025

RITES secures two major contracts from African and Indian Railways

Date:

Engineering firm, RITES Ltd, on Tuesday (July 1) announced two contract wins, one from an international entity and another through a domestic joint venture.The company received a purchase order from African Rail Company for the supply and commissioning of two fully overhauled Cape Gauge ALCO diesel-electric locomotives.
These locomotives, which will be deployed in Zimbabwe, Mozambique, and Botswana, are fitted with new Cape Gauge Bogies, Traction Motors, Control Systems, and Air Brake systems.
Also Read: RITES wins construction supervision order worth $2.9 million from GuyanaThe overhauled units will be supported with warranty services and technical team deployment from RITES. The order is valued at $3.6 million (CIF) and is expected to be executed within nine months.

Separately, the RITES-Aryan joint venture has secured a Letter of Acceptance from South Western Railway for the redevelopment of Tumakuru Station.The scope includes civil works, signal and telecommunication systems, and electrical general services under an engineering, procurement and construction agreement.  The contract is to be completed within 540 days from the appointed date, and RITES’ share in the order stands at ₹37.81 crore, excluding GST.

Also Read: RITES bags ₹29 crore contract from Gujarat Urban Development Company

Last month, RITES said it had received a Letter of Intent (LoI) from Gujarat Urban Development Company Limited (GUDC) for a project valued at ₹28.5 crore (exclusive of GST).

The contract involves the appointment of RITES as the Third Party Inspection (TPI) agency for water supply systems (WSS), underground drainage (UGD), and sewage treatment plant (STP) projects under the AMRUT 2.0 and SJMMSVY schemes in urban local bodies (ULBs) across Gujarat.

Shares of RITES Ltd ended at ₹279.20, down by ₹0.80, or 0.29%, on the BSE.

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