RITES secures $35.2m locomotive order from South Africa

RITES Limited, a Schedule 'A' Enterprise of the Government of India, has secured a significant international order from Ndalama Capital (Pty) Ltd., South Africa. The contract, valued at $35,200,000.00, involves the supply and commissioning of in-service Cape Gauge ALCO Diesel Electric Locomotives on a CIF basis. This crucial order is expected to be executed within 18 months.

The announcement, dated December 23, 2025, confirms that the transaction is not a related party transaction. This new business is a key development for RITES, highlighting its continued expansion and expertise in infrastructure projects on an international scale.

The company communicated this information to both the National Stock Exchange of India and BSE Limited, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular dated November 11, 2024.