RITES Secures ₹30 Crore International Order for Locomotives from Zimbabwe
RITES Limited has announced securing a significant international order for the supply of In-Service Cape Gauge Diesel Electric Locomotives from Berhard Development Corporation (Private) Limited, Zimba...
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Why is RITES Limited in the news today?
RITES Limited (RITES) is in the news due to the company has secured a new order from an international client, which is a positive development for business growth.
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RITES Secures ₹30 Crore International Order for Locomotives from Zimbabwe
December 30, 2025, 11:34 AM
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RITES Limited has announced securing a significant international order for the supply of In-Service Cape Gauge Diesel Electric Locomotives from Berhard Development Corporation (Private) Limited, Zimbabwe.
The order, valued at USD 3,600,000.00 (equivalent to approximately ₹30 crore), is for the supply of these specialized locomotives.
This contract is with an international entity and is expected to be executed within a time period of 3 months from the award date. RITES has confirmed that the promoter or promoter group does not have any interest in Berhard Development Corporation (Private) Limited, and the transaction is not considered a related party transaction.
The company announced this development on December 30, 2025.
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