RITES Wins Rs 1.71 Billion Mozambique Locomotive Order

30 Jan 2026 CW Team

RITES Ltd has secured a major international order from ICVL Mozambique for the supply and maintenance of diesel electric locomotives, reinforcing its overseas order book and global presence in railway infrastructure.

In a regulatory filing, the company said it received a Letter of Intent for the supply of new Cape Gauge diesel electric locomotives, along with preventive maintenance services and consumable spares at site. The total value of the order is about Rs 1.71 billion.

Under the contract terms, the supply of locomotives will be completed within 15 months, while maintenance services will be provided over a 24-month period. The order adds to RITES’ expanding international project portfolio and highlights its capabilities in railway equipment supply and lifecycle maintenance across global markets.

In December, RITES had also secured a contract valued at about Rs 0.30 billion from Berhard Development Corporation (Private) Ltd, Zimbabwe, for the supply of in-service Cape Gauge diesel electric locomotives, further strengthening its footprint in Africa.

In the equity market, shares of the state-owned company were trading at Rs 216.90 at 10:59 am, down 0.41 per cent from their opening price. The stock has declined 11.48 per cent over the past month.

Infrastructure Urban

20 Mar 2026

Lemon Tree Hotels Signs Resort In Lonavala Maharashtra

Lemon Tree Hotels Limited (LTHL) has signed a licence agreement for Lemon Tree Resort in Lonavala, Maharashtra, with the asset to be managed by Carnation Hotels Private Limited, a wholly owned subsidiary of LTHL. The resort will offer 50 well appointed rooms and will include a restaurant, banquet, meeting room, swimming pool, spa and fitness centre. The company described the addition as part of its strategy to expand branded resort offerings in key getaway destinations. Lonavala, located in the Sahyadri hills, is a popular leisure destination in western India known for scenic landscapes and a ..

Kalai Chettinad Art And Architecture Festival At The Lotus Palace

The Lotus Palace Chettinad will host Kalai, the Chettinad Art and Architecture Festival, a four-day, three-night immersive celebration of the artistic legacy of Chettinad from three to six April 2026. The event has been organised by Apeejay Surrendra Park Hotels Limited (ASPHL) and will take place across restored heritage properties in Chettinad. It will be designed to offer guests a layered experience of place, structure and story that connects art, architecture and living traditions. The festival aims to present a confluence of global influences and local aesthetics. Kalai has been curated i..

SJVN Reaches One bn Units At 1,000 MW Bikaner Solar Project

SJVN Limited (SJVN) has reached a milestone with its 1,000 megawatt (MW) Bikaner Solar Power Project by generating one bn units of electricity on 20 March 2026. The achievement underscores the company's role in supplying clean and sustainable energy to the national grid. The generation milestone was recorded within months of the project commencing operations and highlights rapid performance from the new facility. The Bikaner project, located in Bikaner district of Rajasthan, has been developed and implemented by SJVN Green Energy Limited (SGEL) under the Central Public Sector Undertaking Schem..