+
RITES plans an expansion on the African continent
RAILWAYS & METRO RAIL

RITES plans an expansion on the African continent

The state-owned company RITES Ltd., which specialises in manufacturing locomotives, including the requested ones, has the possibility to conduct business with about a dozen African nations that depend on cape-gauge railway locomotives. First adopted in South Africa, cape-gauge locomotives are thinner than standard-gauge locomotives.

Rahul Mithal, CMD of RITES, mentioned that they secured the order for cape gauge through a competitive bidding process. He noted that approximately 12 neighbouring countries in Mozambique also utilise this specific gauge, presenting a significant opportunity for RITES in terms of rolling stock. Additionally, Mithal highlighted that Africa serves as a promising market for the company, given its existing presence on the continent through several contract acquisitions.

In December 2023, RITES Ltd. entered into an agreement with CFM Mozambique for the provision of diesel locomotives and associated services, totaling Rs 3.14 billion. This agreement entails the delivery of ten diesel locomotives. Furthermore, in terms of consultancy services, the company operates a subsidiary, RITES Africa, headquartered in Botswana, which is engaged in consultancy projects.

Mithal expressed optimism regarding the emergence of numerous consulting project opportunities across the African continent. He emphasised that RITES has a significant track record in project consultancy and rolling stock businesses in Africa and intends to pursue further opportunities in the future.

In addition, RITES Ltd. has an overseas division called RITES Videsh that searches the globe for commercial prospects. To take advantage of the many commercial prospects in the UAE and surrounding nations, RITES Ltd. established a branch office in Abu Dhabi, United Arab Emirates, in March 2024. India and the UAE inked an intergovernmental framework agreement for the IMEC corridor. A Memorandum of Understanding (MoU) between RITES and Abu Dhabi Ports aims to investigate all commercial prospects in the United Arab Emirates, among other things.

The state-owned company RITES Ltd., which specialises in manufacturing locomotives, including the requested ones, has the possibility to conduct business with about a dozen African nations that depend on cape-gauge railway locomotives. First adopted in South Africa, cape-gauge locomotives are thinner than standard-gauge locomotives. Rahul Mithal, CMD of RITES, mentioned that they secured the order for cape gauge through a competitive bidding process. He noted that approximately 12 neighbouring countries in Mozambique also utilise this specific gauge, presenting a significant opportunity for RITES in terms of rolling stock. Additionally, Mithal highlighted that Africa serves as a promising market for the company, given its existing presence on the continent through several contract acquisitions. In December 2023, RITES Ltd. entered into an agreement with CFM Mozambique for the provision of diesel locomotives and associated services, totaling Rs 3.14 billion. This agreement entails the delivery of ten diesel locomotives. Furthermore, in terms of consultancy services, the company operates a subsidiary, RITES Africa, headquartered in Botswana, which is engaged in consultancy projects. Mithal expressed optimism regarding the emergence of numerous consulting project opportunities across the African continent. He emphasised that RITES has a significant track record in project consultancy and rolling stock businesses in Africa and intends to pursue further opportunities in the future. In addition, RITES Ltd. has an overseas division called RITES Videsh that searches the globe for commercial prospects. To take advantage of the many commercial prospects in the UAE and surrounding nations, RITES Ltd. established a branch office in Abu Dhabi, United Arab Emirates, in March 2024. India and the UAE inked an intergovernmental framework agreement for the IMEC corridor. A Memorandum of Understanding (MoU) between RITES and Abu Dhabi Ports aims to investigate all commercial prospects in the United Arab Emirates, among other things.

Next Story
Infrastructure Energy

UERC Rejects Pleas Over Cancelled 200 MW Solar Awards

The Uttarakhand Electricity Regulatory Commission (UERC) has rejected review petitions filed by 12 solar developers against the cancellation of Letters of Award (LoAs) issued under the state’s 200 MW Solar Programme.The scheme, launched by the Uttarakhand Renewable Energy Development Agency (UREDA) under the 2013 solar policy, aimed to help Uttarakhand Power Corporation Ltd (UPCL) meet its renewable purchase obligations through tariff-based competitive bidding.The projects—classified under the Type I category—had original commissioning deadlines in 2019–2020, later extended multiple ti..

Next Story
Infrastructure Energy

Solarium Wins Rs 266 Million Rooftop Solar Orders

Solarium Green Energy has secured two significant work orders valued at a combined Rs 266 million for rooftop solar projects across various locations in the Northeastern States, under the Ministry of Home Affairs.The first order, worth approximately Rs 129.8 million, was awarded by NTPC Vidyut Vyapar Nigam Limited (NVVN) for the development of a 3,319 kW rooftop solar photovoltaic (PV) project. This was tendered under the NVVN’s “Selection and Discovery of L1 Rates for Rate Contract for EPC of Grid Connected Rooftop Solar PV Projects (51–200 kW) across India”. The project is scheduled ..

Next Story
Real Estate

Omaxe Secures Rs 5 Billion From Oaktree For Expansion

Omaxe Group has raised Rs 5 billion in funding from Oaktree Capital Management LP, a global investment firm specialising in alternative investments, to fuel the development of ongoing projects and support future growth plans.In a regulatory filing dated 28 July, the company confirmed that the funds will support construction and infrastructure development across key markets, including New Chandigarh, Lucknow, Ludhiana, and Faridabad. The capital will also be directed towards flagship projects such as Omaxe State in Dwarka, an upcoming integrated township in Amritsar, and a new township in Indor..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?