RITES Secures USD 3.6 Million Locomotive Supply Order from Zimbabwe
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RITES Secures USD 3.6 Million Locomotive Supply Order from Zimbabwe

RITES Ltd. has secured a USD 3.6 million order from Zimbabwe-based Berhard Development Corporation for the supply of in-service Cape Gauge diesel-electric locomotives. The contract is to be executed within three months. This international order comes as RITES shares have faced sustained pressure, declining over the past year and year-to-date, despite the company's extensive experience in transport consultancy and engineering projects globally. The stock saw a temporary surge following the announcement.

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