RITES bags ₹149 crore order for engines to be supplied to South Africa
This announcement was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 dated September 25, 2025.
RITES shares have received a significant order from Talis Logistics of South Africa for the supply and commissioning of Cape Gauge ALCO Diesel Electric Locomotives.
The order is valued at US$18.00 million (CIF) or Rs 1.49 billion and is expected to be completed within 6 to 8 months after receipt of the advance.
The company announced that it has received an order letter from Talis Logistics, South Africa for the supply and commissioning of Cape Gauge ALCO Diesel Electric Locomotives.
Order details
- Particulars details
- ordering unit Talis Logistics, South Africa
- Nature of the order Supply and Commissioning of Cape Gauge ALCO Diesel Electric Locomotives
- Domestic/International International
- Completion deadline 6 to 8 months after receipt of advance amount
- order value US$ 18.00 million (CIF) i.e. Rs 1.49 billion
The company clarified that the promoter or promoter group has no interest in the entity placing the order. Furthermore, the order does not constitute a related party transaction and was placed at arm's length.
Ashok Mishra, Company Secretary and Compliance Officer of RITES shares, confirmed the above information.
This announcement was made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 dated September 25, 2025.