RITES Secures Major Order from Talis Logistics, South Africa: Supply and Commissioning of Overhauled Cape Gauge ALCO Diesel Electric Locomotives

RITES Ltd has been awarded a significant order from Talis Logistics, South Africa for the supply and commissioning of Overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives. The order is worth USD 18.00 million (CIF) and is expected to be completed within 6 to 8 months from the receipt of the order. This is not a related party transaction and there is no interest from the promoter/promoter group/group companies in the entity that awarded the order.