RITES Secures Major International Order Worth $4.28 Million from Tsiko Africa Logistics

Introduction

RITES Limited, a leading player in the transport infrastructure sector, continues to expand its global footprint. The Navratna public sector enterprise, incorporated in April 1974, is engaged in providing consultancy services, project management, and engineering solutions for transport infrastructure. With 72.20% shareholding held by the Government of India, RITES operates both domestically and internationally, ensuring comprehensive solutions in transport and infrastructure.

Impressive Order Book & Recent Contract Win

As of June 30, 2024, RITES boasts an impressive order book worth Rs 6,355 crore, underlining its robust project pipeline. Among the significant achievements, RITES secured Rs 1,301 crore worth of new projects during the first quarter of FY25. Recently, the company further strengthened its portfolio by securing a major international contract from Tsiko Africa Logistics (Pty) Limited, valued at $4.28 million.

Details of the Contract

The newly awarded order involves the supply, commissioning, and one-year onsite warranty for overhauled Cape Gauge 3100 HP diesel-electric locomotives. The project is expected to be completed within a six-month period, followed by the one-year warranty period. The involvement of an international client demonstrates RITES’ continued focus on expanding its presence beyond domestic boundaries, gaining recognition for its expertise and reliability.

Key Contract Information:

• Client: Tsiko Africa Logistics (Pty) Limited
• Nature of Order: Supply, commissioning, and one-year onsite warranty of Cape Gauge 3100 HP diesel-electric locomotives
• Order Value: $4.28 million
• Execution Timeline: Six months plus a one-year onsite warranty
• Contract Type: International

Government Stake & Strategic Value

RITES Limited’s status as a Navratna company and its 72.20% government ownership speaks volumes about the company’s importance in India’s transport infrastructure landscape. This order further consolidates RITES’ standing as a leader in multi-disciplinary consultancy services. It showcases their capacity to handle large-scale, complex international projects, reinforcing their position as a reliable partner in transport infrastructure development globally.

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