RITES Limited , India's premier transport infrastructure consultancy and engineering firm, has taken a significant step towards expanding its international presence by signing a Memorandum of Understanding (MoU) with Etihad Rail. The agreement, aimed at furthering business collaboration in the mobility sector, was formalized during the Global Rail Transport Infrastructure Exhibition & Conference in Abu Dhabi.

Key Highlights of the Partnership

• RITES signed the MoU with Etihad Rail's subsidiary, National Infrastructure Construction Company (NICC) LLC, a UAE-based infrastructure construction company.
• The collaboration seeks to leverage RITES' five decades of expertise in consultancy, transport infrastructure, and engineering solutions alongside NICC's execution capabilities.
• This strategic move is part of RITES' 'RITES Videsh' initiative, aimed at strengthening its international footprint.

Signing Ceremony Details

The MoU was signed by H.E. Shadi Malak, CEO of Etihad Rail, and Mr. Rahul Mithal, Chairman and Managing Director of RITES Ltd. The ceremony was graced by the presence of His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Etihad Rail, and H.E. Sunjay Sudhir, Ambassador of India to the UAE.

Scope of Collaboration

This partnership is expected to create synergies for shaping infrastructure projects in the UAE and potentially beyond. By combining RITES' extensive experience with NICC's local expertise, the collaboration aims to contribute significantly to the development of mobility infrastructure in the region.

About the Companies

RITES Limited

• A Navratna Public Sector Enterprise in India
• Over 50 years of experience in transport consultancy and engineering
• Projects undertaken in more than 55 countries across Asia, Africa, South America, and the Middle East

National Infrastructure Construction Company (NICC)

• Established in 2022 as a subsidiary of Etihad Rail
• Specializes in the design and development of comprehensive infrastructure projects
• Expertise includes railway infrastructure, terminals, facilities, and depots

This collaboration underscores RITES' commitment to its ethos, "We Shape What Shapes Lives," and marks a significant step in its global expansion strategy. As both companies bring their strengths to the table, this partnership has the potential to drive innovation and excellence in infrastructure development across the UAE and neighboring regions.

RITES Limited , a prominent Indian public sector enterprise, has announced a significant international contract win, further solidifying its position in the global railway solutions market.

Contract Details

RITES has received a letter of award from Talis Logistics, a South African company, for the supply and commissioning of overhauled Cape Gauge ALCO Diesel Electric Locomotives. The international contract is valued at USD 18.00 million (CIF - Cost, Insurance, and Freight).

Project Scope and Timeline

The order involves the overhauling of in-service locomotives for the South African logistics company. According to the company's disclosure, RITES is committed to completing the delivery within 6 to 8 months from the receipt of advance payment.

Strategic Importance

This contract marks an important step for RITES in expanding its international footprint, particularly in the African market. The project showcases the company's expertise in locomotive overhaul and its ability to secure significant overseas contracts.

Transparency and Compliance

In its filing to the stock exchanges, RITES confirmed that the promoter groups have no interest in the awarding entity, Talis Logistics. Furthermore, the company clarified that this transaction does not constitute a related party transaction, ensuring transparency in its business dealings.

Company Background

RITES Limited, established in 1974, is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. The company has been actively pursuing international projects, leveraging its expertise in the railway sector.

This new contract underscores RITES' continued efforts to diversify its portfolio and strengthen its presence in the global market for railway solutions and services.