RITES Secures USD 18 Million Order from South Africa’s Talis Logistics for Overhauled ALCO Locomotives
On 25 September, RITES Ltd confirmed via its listing obligations and disclosure requirements that it has received a letter of award from Talis Logistics in South Africa for the supply and commissioning of overhauled in-service Cape Gauge ALCO diesel-electric locomotives.
Delivery of the locomotives will be completed within six to eight months from receipt of the advance payment.
The value of the contract is USD 18.00 million (CIF).