RITES Secures $35.2 Million Locomotive Deal In South Africa

RITES Limited, a Schedule ‘A’ Government of India enterprise, has officially announced a major international contract win. The company received a letter of award from Ndalama Capital (Pty) Ltd., South Africa, for the supply and commissioning of in-service gauge ALCO diesel electric locomotives.

Key Highlights

• Contract size valued at USD 35,200,000.00, reinforcing RITES’ global footprint
• The order will be executed over a span of 18 months, ensuring phased delivery and commissioning
• Locomotives to be supplied on a CIF (Cost, Insurance, Freight) basis to South Africa
• The deal is classified as an international transaction and does not involve any related party interest
• Awarded under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, ensuring transparency and compliance
• This development underscores RITES’ growing presence in international markets and its continued focus on delivering high-quality transport solutions globally.

Sources: RITES Limited Official Filing, National Stock Exchange of India, BSE Limited