India, March 18 -- RITES Ltd has announced an expansion of its existing contract with Ntokoto Rail Holdings Pty. Ltd., with the revised agreement increasing the order value from 5.40 Million USD to 10.80 Million USD (CIF).
The additional work involves the supply and commissioning of overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives, equipped with new Cape Gauge Bogies, Traction Motors, Control Systems, and Air Brakes.
The locomotives will undergo refurbishment at a designated facility, with RITES providing on-site warranty support for one year.
The contract, awarded by an international entity, is set to be executed within six months from the date of receipt of the advance payment for the additional work.
This develop...