RITES receives order from National Railways of Zimbabwe for supply of rolling stock

RITES signs contract agreements with National Railways of Zimbabwe (NRZ) for supply of rolling stock.

According to the regulatory filing, the company has signed contract agreements with National Railways of Zimbabwe (NRZ) for supply of rolling stock (3000 HP Diesel Electric Locomotives and High Sided Open Wagons) valuing USD 81,175,500.

However, the contract agreements are subject to approval of funding, by funding agency, the company mentioned.

During afternoon trade on Friday, shares of RITES were trading higher by 1.21% at Rs383.45 per share on the BSE.