New Launch27 Jan 2026, 10:32 am
RITES Ltd Secures Major Order from ICVL, Mozambique for Supply of New Cape Gauge Diesel Electric Locomotives
AI Summary
RITES Ltd has received a Letter of Intent (LOI) from ICVL, Mozambique for the supply of New Cape Gauge Diesel Electric Locomotives with provision for Preventive Maintenance Services including consumable spares. The order is worth USD 20,602,500 and the supply period is 15 months, with an additional 24 months for maintenance. The order has been awarded by an international entity and falls under the category of 'New Launch'.
Key Highlights
- RITES Ltd secures order from ICVL, Mozambique for supply of New Cape Gauge Diesel Electric Locomotives.
- The order is worth USD 20,602,500.
- The supply period is 15 months with an additional 24 months for maintenance.
- The order has been awarded by an international entity.
- This is a new launch category news.