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RITES Ltd Secures 2 Major Orders Including African Export Deal & Tumakuru Station Redevelopment

Stock surges over 6% after Railway PSU announces locomotive export to Africa and major EPC contract in Karnataka
Indian Masterminds Stories

New Delhi:  RITES Ltd, the government-owned transport infrastructure consultancy and engineering firm, has bagged two significant orders—an international export contract for ALCO locomotives and a domestic railway station redevelopment project in Karnataka. The combined value of these projects positions RITES for further growth in both global and Indian rail markets.

USD 3.6 Million Export Order for ALCO Locomotives

RITES has received a Purchase Order from an African Rail Company for the supply of two fully overhauled ALCO Diesel Electric Locomotives, which will be deployed in Zimbabwe, Mozambique, and Botswana.

  • Order value: USD 3.6 million (CIF)
  • Execution timeline: 9 months

These Cape Gauge ALCO locomotives will be overhauled at a nominated facility and fitted with:

  • New Cape Gauge bogies
  • Traction motors
  • Modern control systems
  • Air braking systems

The scope also includes commissioning and on-ground technical support by a RITES-deputed team, demonstrating the PSU’s growing influence in the international railway solutions market.

Read Also: RITES Ltd Emerges as Lowest Bidder for Rs 28.5 Crore Urban Infrastructure Inspection Contract in Gujarat

RITES-Aryan JV Bags Tumakuru Station Redevelopment Contract

In a separate filing, RITES-Aryan JV announced receipt of a Letter of Acceptance (LoA) from South Western Railway for the redevelopment of Tumakuru Railway Station in Karnataka under an EPC (Engineering, Procurement, and Construction) agreement.

Project cost (RITES share): ₹37.81 crore (exclusive of GST)

Timeline: 540 days from the appointed date

The project scope includes:

  • Civil works
  • Signal and Telecommunication upgrades
  • Electrical General Services

This marks another addition to RITES’ expanding domestic infrastructure portfolio and reinforces the firm’s role in Indian Railways’ modernization agenda.

Stock Market Reaction

Following the announcements, RITES stock opened at ₹285.00 and surged to an intraday high of ₹299.80 during Wednesday’s trading session on the NSE, reflecting strong investor sentiment.

The export order and the Tumakuru project not only underscore RITES’ diversified capabilities across domestic and global markets but also boost visibility for its future order pipeline.

Read also: Strategic Rail Pact: RITES Ltd Partners with Shree Cement to Strengthen Rail Infrastructure for Sustainable Logistics

About RITES Limited
Rail India Technical and Economic Service (RITES) Limited, is an Indian public sector undertaking and engineering consultancy corporation, specializing in the field of transport infrastructure. Established in 1974 by the Indian Railways, the company’s initial charter was to provide consultancy services in rail transport management to operators in India and abroad. RITES has since diversified into planning and consulting services for other infrastructure, including airports, ports, highways and urban planning.


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