Deals23 Dec 2025, 08:29 am
RITES Ltd Secures USD 35.2 Million Order from Ndalama Capital (Pty) Ltd., South Africa
AI Summary
RITES Ltd has been awarded a contract from Ndalama Capital (Pty) Ltd., South Africa for the supply and commissioning of in service diesel electric locomotives. The contract is worth USD 35.2 Million and the time period for execution is 18 months. This is not a related party transaction.
Key Highlights
- RITES Ltd secures order from Ndalama Capital (Pty) Ltd., South Africa
- Order value: USD 35.2 Million
- Contract for supply and commissioning of in service diesel electric locomotives
- Execution time: 18 months
- Not a related party transaction