25 Sep 2025 | 5 Mins Read
RITES wins $18-million contract from Talis Logistics in South Africa
Flipitmoney
RITES Ltd received a $18 million contract from Talis Logistics, South Africa, for supplying and commissioning overhauled diesel locomotives. The contract is valued at $18 million, to be executed within 6-8 months. This follows a July order from NTPC for hiring diesel locomotives, and the company's Q1 results showed a 0.8% revenue rise and 0.7% net profit increase.