RITES Secures Lowest Bid for Locomotive and Wagons Supply to Mozambique

The estimated value of the bid stands at approximately Rs. 500 Crore.

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Representational image only| Image copyright: Respective Authority

NEW DELHI (Metro Rail News): RITES Limited, a government of India enterprise operating under Indian Railways, has been declared as the lowest bidder in two tenders from CFM, Mozambique. The tenders are for the supply of ten locomotives and one hundred and fifty wagons.

The bid is now subject to the scrutiny and evaluation process of CFM, Mozambique. The company will have to meet all the requisite requirements mentioned in the tender documents before the order is officially awarded to them. The estimated value of the bid stands at approximately Rs. 500 Crore.

The tender win reflects RITES Limited’s prowess in the railway sector and showcases their expertise in providing high-quality solutions for rail transportation. As a multi-disciplinary consultancy organization, RITES offers a comprehensive array of services in the fields of transport, infrastructure, and related technologies.

Recently, the company signed an MoU (memorandum of understanding) with TransNamib Holdings Limited, Namibia. The MOU aims to foster the development of railways and related infrastructure, encompassing the supply of rolling stock.

Established in 1974, RITES Limited is a public limited company governed by a Board of Directors comprising eminent professionals from various engineering and management sectors. The company follows ISO 9001:2015 standards, and its core focus is on the transfer of technology to client organizations.

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