Deals19 Sept 2025, 12:58 pm
RITES Ltd Secures Rate Contract from NTPC Limited for Hiring Diesel Locomotives
AI Summary
RITES Ltd has been awarded a rate contract from NTPC Limited for hiring diesel locomotives on a lease basis for NTPC Power Plants across the country. The rate contract is valid from 20.09.2025 to 19.09.2027 with an indicative value of Rs. 78.65 Crores (excluding GST). The actual value of the orders will depend on the actual requirement of various NTPC stations. This is not a related party transaction and falls outside of that category.
Key Highlights
- RITES Ltd secures a rate contract from NTPC Limited for hiring diesel locomotives
- The contract is valid from 20.09.2025 to 19.09.2027
- The indicative value of the contract is Rs. 78.65 Crores (excluding GST)
- The actual value of the orders will depend on the actual requirement of various NTPC stations
- This is not a related party transaction