Deals1 Oct 2024, 02:03 pm
RITES Ltd Secures Major Order from Tsiko Africa Logistics: 4.28 Million USD Deal for Supply and Commissioning of Overhauled Diesel Electric Locomotive
AI Summary
RITES Ltd, a Schedule ‘A’ Enterprise of the Government of India, has announced that it has received a Letter of Award (LOA) from Tsiko Africa Logistics (Pty) Limited for the supply, commissioning, and one-year onsite warranty of overhauled in-service Cape Gauge 3100 HP, diesel electric locomotive. The total consideration for the order is 4.28 Million USD. The order is to be executed within 6 months and falls under the category of supply and commissioning of overhauled locomotives, which is a significant part of RITES' business operations.
Key Highlights
- RITES Ltd secures a major order from Tsiko Africa Logistics worth 4.28 Million USD.
- The order involves the supply, commissioning, and one-year onsite warranty of overhauled in-service Cape Gauge 3100 HP, diesel electric locomotive.
- The order is to be executed within 6 months.
- This order is a significant part of RITES' business operations in the supply and commissioning of overhauled locomotives.
- RITES Ltd is a Schedule ‘A’ Enterprise of the Government of India.