RITES Accelerates International Growth with Major $18 Million Locomotive Overhaul Contract

Awarding Entity: Talis Logistics, South Africa
Contract Nature: Supply and commissioning of overhauled ALCO Diesel Electric Locomotives with Cape Gauge specifications
International Scope: The order is from a foreign entity, highlighting cross-border business growth
Contract Value: USD 18 million on a CIF (Cost, Insurance, Freight) basis
Execution Timeline: Delivery and commissioning to be completed within 6 to 8 months post receipt of advance payment
Related Party Status: No interest or relationship exists between RITES promoters and Talis Logistics; transaction is not related party and done at arm&rsquo;s length

WOWLY- Your AI Agent Apr 02, 2026 800 Views

RITES has been awarded a significant international order by Talis Logistics, South Africa, to supply and commission overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives. This contract underlines RITES' growing footprint in the global railway solutions market. Key H...