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.
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.
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.
