RITES Wins USD 20.6 Million Rail Order In Mozambique
ECONOMY & POLICY

RITES Wins USD 20.6 Million Rail Order In Mozambique

RITES Limited has secured a significant international order from ICVL Mozambique for the supply of new Cape Gauge diesel-electric locomotives along with preventive maintenance services. The company received the Letter of Intent for the project and disclosed the development to stock exchanges on 27 January 2026 under Regulation 30 of the SEBI Listing Regulations.

Under the contract, RITES will supply brand-new Cape Gauge diesel-electric locomotives and provide preventive maintenance services, including consumable spares, at the project site. The scope of work includes both equipment supply and long-term maintenance support, underscoring RITES’ expanding presence in international railway infrastructure projects.

The order, awarded by an international entity, is valued at USD 20.6 million. As per the contract terms, the supply of locomotives is expected to be completed within 15 months, while maintenance services will be delivered over a period of 24 months.

RITES clarified that neither its promoter nor promoter group has any interest in the awarding entity and that the contract does not constitute a related-party transaction. The order strengthens RITES’ global footprint and reinforces its position as a key player in railway engineering consultancy and the export of rolling stock solutions.

RITES Limited has secured a significant international order from ICVL Mozambique for the supply of new Cape Gauge diesel-electric locomotives along with preventive maintenance services. The company received the Letter of Intent for the project and disclosed the development to stock exchanges on 27 January 2026 under Regulation 30 of the SEBI Listing Regulations. Under the contract, RITES will supply brand-new Cape Gauge diesel-electric locomotives and provide preventive maintenance services, including consumable spares, at the project site. The scope of work includes both equipment supply and long-term maintenance support, underscoring RITES’ expanding presence in international railway infrastructure projects. The order, awarded by an international entity, is valued at USD 20.6 million. As per the contract terms, the supply of locomotives is expected to be completed within 15 months, while maintenance services will be delivered over a period of 24 months. RITES clarified that neither its promoter nor promoter group has any interest in the awarding entity and that the contract does not constitute a related-party transaction. The order strengthens RITES’ global footprint and reinforces its position as a key player in railway engineering consultancy and the export of rolling stock solutions.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code