RITES Ltd Lowest Bidder for Sri Lanka Railways Tender Worth ₹400 Cr

RITES Ltd has emerged as the lowest bidder (L-1) in a tender floated by Sri Lanka Railways for the supply of Broad Gauge Diesel Multiple Unit (DMU) Train Sets. The estimated value of this bid is approximately ₹400 Crore (USD 41.45 Million). The order, if finalized after due process and scrutiny by Sri Lanka Railways, is expected to be executed within 12 months from the opening of the Letter of Credit (LC). This international contract is a significant development for RITES, showcasing its capabilities in the railway rolling stock sector.