MoneyWorks4Me

RITES receives LoI worth $20.60 million from ICVL

27 Jan 2026 Evaluate

RITES has received Letter of Intent (LoI) worth around $20.60 million from ICVL, Mozambique, for the supply of New Cape Gauge Diesel Electric Locomotives with provision for preventive maintenance services including consumable spares. The supply is to be completed within 15 months and the maintenance period will be 24 months.

RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.

Peers
Company Name CMP
NBCC (India) 82.31
Rites 207.45
Mold-Tek Tech 197.00
Dhruv ConsultancySer 22.37
Telge Projects 215.00
View more..