RITES Wins Major Contract

22 May 2024 CW Team

RITES Limited, a premier engineering consultancy firm, has clinched a significant contract worth $111.26 million to supply 200 broad gauge passenger coaches to Bangladesh Railways. This landmark deal is financed by the European Investment Bank, reinforcing the growing collaboration between India and Bangladesh.

The project, to be executed over a 36-month period, includes design, manufacturing, and supply of the coaches, along with providing necessary spare parts and essential training to Bangladeshi railway personnel. This contract is part of the 'Make in India' initiative, underscoring India's commitment to boost indigenous manufacturing and export high-quality products.

RITES' extensive experience and technical prowess have positioned it as a key player in international railway projects. The company has a robust track record of supplying various types of coaches and locomotives to Bangladesh, which has significantly enhanced the operational efficiency and passenger comfort in the neighbouring country?s rail network.

The new coaches will feature modern amenities and safety measures, aligning with global standards. The supply also includes a 24-month warranty period post-delivery, ensuring sustained support and maintenance. This contract not only highlights RITES' capabilities but also strengthens the economic and infrastructural ties between India and Bangladesh.

The success of this project is expected to open further avenues for RITES in the international market, showcasing India's engineering excellence. The initiative also contributes to India?s export growth and boosts the 'Make in India' campaign by demonstrating the capability to produce and deliver world-class rail transport solutions.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..