RITES Limited bags $111.3m contract from Bangladesh Railways for passenger carriages
RITES Limited, a prominent engineering consultancy firm and the export arm of Indian Railways, has clinched a significant contract valued at $111.26 million (approximately Rs 915 crore) to supply 200 Broad Gauge (BG) passenger carriages to Bangladesh Railways. This deal was secured through a global competitive bidding process and is funded by the European Investment Bank (EIB).
Under the terms of this expansive contract, RITES will not only supply the carriages but also provide comprehensive support including design expertise, spare parts, and training. The contract stipulates a supply and commissioning period of 36 months, followed by a 24-month warranty period. This project is a testament to RITES Limited’s commitment to the ‘Make in India, for the World’ vision, emphasizing the export of indigenously developed, world-class railway rolling stock.
RITES Limited has a long-standing partnership with Bangladesh Railways, having previously supplied 120 BG passenger coaches of the LHB type, 36 BG locomotives, and 10 Meter Gauge locomotives. This ongoing relationship underscores RITES’s role in supporting Bangladesh’s infrastructure development through various collaborative projects.
RITES Limited secures a $111.26 million contract to supply 200 passenger carriages to Bangladesh Railways, bolstering its global infrastructure footprint.
As a Navratna Public Sector Enterprise, RITES Limited has established itself as a leader in the transport consultancy and engineering sector in India. With a rich history spanning over five decades, RITES has successfully undertaken projects in more than 55 countries across Asia, Africa, Latin America, South America, and the Middle East. This extensive experience has positioned RITES as a key player in the global market, capable of executing complex and large-scale infrastructure projects.
The new contract with Bangladesh Railways is expected to further enhance RITES’s global footprint and reinforce its reputation as a reliable supplier of railway technology and services. The consistent expansion of RITES’s international operations is likely to contribute significantly to its growth and operational capabilities, potentially leading to more such contracts in the future.