RITES Emerges as L-1 Bidder for Rs. 4 bn Sri Lanka Rail Contract
RAILWAYS & METRO RAIL

RITES Emerges as L-1 Bidder for Rs. 4 bn Sri Lanka Rail Contract

RITES has emerged as the lowest bidder, or L-1 bidder, for an international railway contract floated by Sri Lanka Railways. The proposed order covers the supply of Broad Gauge Diesel Multiple Unit (DMU) train sets and is valued at approximately Rs. 4 bn.

The potential contract would add to RITES’ international order book and support the company’s efforts to expand its presence in overseas railway markets. The assignment is focused on rolling stock supply for Sri Lanka’s broad gauge railway network.

Under the tender conditions, execution of the order is expected to be completed within 12 months from the opening of the Letter of Credit (LC). The delivery schedule will begin only after the required financial and contractual processes have been completed.

RITES has clarified that the contract has not yet been formally awarded. The tender remains subject to final scrutiny and completion of the requisite documentation before Sri Lanka Railways issues the final award and the parties complete the contractual formalities.

The development is relevant to RITES’ international growth strategy, which covers railway infrastructure, rolling stock, consultancy and transportation engineering. The company is a public sector enterprise under the Ministry of Railways and has undertaken projects in domestic and overseas markets.

The proposed Sri Lankan order could strengthen RITES’ role as an exporter of railway expertise and equipment, although the financial and operational impact will depend on the completion of the tender review and the formal signing of the contract. Further details on the train-set quantity, final contract terms and delivery milestones are expected to become available after the award process is concluded.

RITES has emerged as the lowest bidder, or L-1 bidder, for an international railway contract floated by Sri Lanka Railways. The proposed order covers the supply of Broad Gauge Diesel Multiple Unit (DMU) train sets and is valued at approximately Rs. 4 bn. The potential contract would add to RITES’ international order book and support the company’s efforts to expand its presence in overseas railway markets. The assignment is focused on rolling stock supply for Sri Lanka’s broad gauge railway network. Under the tender conditions, execution of the order is expected to be completed within 12 months from the opening of the Letter of Credit (LC). The delivery schedule will begin only after the required financial and contractual processes have been completed. RITES has clarified that the contract has not yet been formally awarded. The tender remains subject to final scrutiny and completion of the requisite documentation before Sri Lanka Railways issues the final award and the parties complete the contractual formalities. The development is relevant to RITES’ international growth strategy, which covers railway infrastructure, rolling stock, consultancy and transportation engineering. The company is a public sector enterprise under the Ministry of Railways and has undertaken projects in domestic and overseas markets. The proposed Sri Lankan order could strengthen RITES’ role as an exporter of railway expertise and equipment, although the financial and operational impact will depend on the completion of the tender review and the formal signing of the contract. Further details on the train-set quantity, final contract terms and delivery milestones are expected to become available after the award process is concluded.

Related Stories

Gold Stories

Next Story
Equipment

BorgWarner secures three turbocharger contracts with global powertrain leader

BorgWarner has secured three new turbocharger contracts with a global powertrain technology company. The wins comprise one contract for its variable turbine geometry (VTG) turbocharger and two for its wastegate turbocharger. The technologies will be deployed in the customer's light-vehicle gasoline platforms in South America and Europe, with production scheduled to begin in 2027.The VTG turbochargers are designed for gasoline engines operating under demanding conditions and high-boost pressure requirements. They are engineered to support Miller-cycle engines and withstand exhaust temperatures ..

Next Story
Infrastructure Transport

International Digi Yatra Trials Begin at Seven Airports

India has begun trials of Digi Yatra for international passengers at seven airports, allowing eligible Indian passport holders to use facial recognition at selected airport checkpoints. The facility is currently limited to Indian nationals with e-passports travelling on selected international flights operated by Air India and IndiGo. The Civil Aviation Ministry announced the trials on 1 November, with testing scheduled through December 2026. A wider rollout is expected in 2027 after the ministry assesses passenger feedback gathered during the trial period, according to PTI. The system is inten..

Next Story
Infrastructure Transport

Air India Plans More Wide-Body Jets, CEO Signals Profitability Soon

Air India is seeking to expand its order for wide-body aircraft as it works to increase international passenger traffic, chief executive Tewolde Gebremariam said on Tuesday. The Tata Group-owned carrier is also targeting a return to profitability in the near term, as its turnaround programme addresses fleet, network and service challenges. The comments came months after Gebremariam took charge of the airline. Gebremariam, who previously led Ethiopian Airlines, said the airline wanted more wide-body aircraft. Air India has held discussions with Boeing and Airbus while assessing the economics of..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code