New Delhi: RITES Limited, a leading government-owned engineering consultancy and railway infrastructure company, has secured a USD 20.6 million international contract from ICVL Mozambique for the supply of Cape Gauge Diesel Electric Locomotives along with preventive maintenance support.
The company received the Letter of Intent (LoI) on January 27, 2026, and informed the stock exchanges in compliance with SEBI Listing Regulations (Regulation 30).
Scope Includes Locomotive Supply and Maintenance Services
Under the contract, RITES will supply brand-new Cape Gauge Diesel Electric Locomotives designed for African railway networks. In addition to the supply, the company will provide preventive maintenance services, including consumable spare parts, at the project site.
Key Project Details:
- Contract Value: USD 20.60 million
- Client: ICVL Mozambique
- Order Type: International
- Supply Timeline: 15 months
- Maintenance Period: 24 months
The project will be executed in two phases, with locomotive supply completed within 15 months, followed by two years of maintenance support.
Read also: New CVOs in Major PSUs: Centre Appoints Four Chief Vigilance Officers in ONGC, HPCL, RITES and MRVC
Boost to RITES’ Global Railway Footprint
This order further strengthens RITES’ presence in the African railway sector and reinforces its position as a trusted exporter of rolling stock and railway engineering solutions. The long-term maintenance component ensures sustained engagement and revenue flow over nearly three years.
The company clarified that the contract does not involve any related-party transactions, and neither the promoter nor the promoter group has any interest in the awarding entity.
Strategic Focus on International Markets
According to the stock exchange filing, the project aligns with RITES’ strategy to expand its footprint in overseas infrastructure and rolling stock exports. Delivering high-value locomotives to international clients highlights the company’s competitive strength in the global railway engineering market.
About RITES Limited
RITES Limited is a Government of India enterprise under the Ministry of Railways, providing engineering consultancy, project management, and export of rolling stock and railway equipment. With operations across Asia, Africa, and the Middle East, RITES plays a key role in developing rail and transport infrastructure both in India and globally.
Read also: RITES Gets New Chief Vigilance Officer as Vinod Kumar Sharma Appointed for Delhi-NCR Region
