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RITES Ltd has secured an international contract worth INR 315.7 crore from South Africa-based Ndalama Capital (Pty) Ltd for the supply and commissioning of diesel-electric locomotives. The order, valued at about USD 35.2 million, will be executed over a period of 18 months. The contract involves the delivery of Cape gauge locomotives on a CIF basis. This development strengthens RITES's overseas order book and highlights its continued expansion in African railway infrastructure projects.
RITES Ltd, a Navratna public sector enterprise under the Ministry of Railways, has secured an overseas contract valued at INR 315.7 crore from South Africa-based Ndalama Capital (Pty) Ltd. The company disclosed the development through a regulatory filing, stating that the order involves the supply and commissioning of diesel-electric locomotives. Advertisement
The contract value translates to approximately USD 35.2 million and is scheduled to be executed over the next 18 months. Under the agreement, RITES will supply in-service Cape gauge ALCO diesel-electric locomotives. The scope of work also includes commissioning, with delivery structured on a cost, insurance and freight basis, placing responsibility on RITES until the locomotives reach the designated South African port.
The company clarified that the contract was awarded by an international entity and does not fall under related-party transactions. This confirms that the order was secured through a standard commercial process without any internal group involvement.
RITES has maintained a long-standing presence in international railway consultancy and exports, with operations spanning more than 55 countries across Africa, Asia, Latin America and the Middle East. Africa has remained a key focus market for the company, with prior engagements covering railway planning, rolling stock supply and technical advisory services.
The latest contract adds visibility to RITES's international execution pipeline at a time when several African nations are investing in rail modernisation and freight mobility. The order is also expected to support the company's revenue flow over the execution period without altering its existing capital structure.
Source PTI
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