Newsletter
RITES bagged a major overseas order from International Coal Ventures Limited (ICVL) Mozambique for supplying and maintaining diesel electric locomotives. The deal is valued at $20.6 million, or about ₹171 crore.
What’s the deal: the deal is to supply new diesel trains and keep them running smoothly with regular servicing and spare parts. The trains will be delivered in 15 months, and RITES will continue maintaining them for two years after that.
RITES will design and source the locomotives through its network of Indian rail manufacturers and suppliers. The trains will be built to suit Mozambique’s rail tracks and operating conditions.
Next, once ready, the locomotives will be shipped to Mozambique and handed over at site. RITES will also deploy its engineers and technical teams on the ground to ensure smooth commissioning.
