RITES Secures $35.2 Million Locomotive Supply Contract in South Africa
GURUGRAM — December 23, 2025 — RITES Limited, a leading transport infrastructure consultancy and engineering company, has announced the acquisition of a significant international contract from Ndalama Capital (Pty) Ltd., South Africa. The order involves the supply and commissioning of specialized diesel-electric locomotives, marking a major boost for RITES' export portfolio in the African continent.
The intimation was made to the National Stock Exchange (NSE) and BSE Limited in compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations.
Project Details and Scope
The contract focuses on the delivery of robust railway rolling stock tailored for the specific geographical and technical requirements of the South African rail network.
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Nature of Order: Supply and commissioning of "In-Service" Cape Gauge ALCO Diesel Electric Locomotives.
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Basis of Contract: CIF (Cost, Insurance, and Freight) basis to South Africa, meaning RITES will manage the delivery and insurance until the goods reach the destination port.
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Contract Value: USD 35,200,000 (Approximately ₹293 Crore based on current exchange rates).
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Execution Timeline: The project is slated for completion within 18 months.
Strategic Significance
The selection of Cape Gauge locomotives is critical as this gauge (1,067 mm) is the standard for most railway lines in Southern Africa. By supplying ALCO (American Locomotive Company) type engines, RITES is leveraging a design known for its durability and ease of maintenance in rugged environments.
This order underscores RITES' growing influence as a global player in railway exports and its ability to compete successfully with international entities. The company confirmed that this is a purely commercial transaction with no promoter interest or related party involvement.
Stock Market Impact
Following the announcement, RITES shares saw positive momentum on the exchanges. Investors view this $35.2 million win as a strong indicator of the company's healthy order book and its strategic focus on high-margin international consultancy and supply projects.