India, Jan. 27 -- RITES Ltd has received a Letter of Intent (LoI) from ICVL, Mozambique, for the supply of new Cape Gauge Diesel Electric Locomotives along with preventive maintenance services, including consumable spares.
The order has been awarded by an international entity and involves the supply of locomotives to be completed within 15 months, followed by a maintenance period of 24 months. The total value of the contract stands at USD 20.60 million.
The company disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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