RITES bags $36 million locomotive supply order from South Africa’s Volantis Asset Finance
Infrastructure, consultancy, and engineering firm RITES Ltd, on Monday (July 6), said it has received acceptance of its offer from Volantis Asset Finance (Pty) Ltd, South Africa, for the supply and commissioning of 4,000 HP Cape Gauge diesel-electric locomotives. The international order is valued at $35.82 million and is scheduled to be executed over a…
