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Indian Railways gets its largest export order worth Rs 680 crore from Sri Lanka

Indian Railways gets its largest export order worth Rs 680 crore from Sri Lanka
Rail India Technical and Economic Service (RITES), a railway PSU headquartered in Gurgaon, has secured a substantial export order worth Rs 680 crore from Sri Lanka Railways.

This is the biggest ever order for $4, and comprises of the supply of 10 broad gauge diesel locomotives and six DMU (diesel multiple units) train sets.

Also read: $4

All the said locomotives and train sets would be manufactured in Varanasi and Chennai and would be installed with state-of-the-art technology.

The contract will be funded under the Indian Line of Credit to Sri Lanka that was announced in 2011, and the order will be completed over the next two years.

Also read: A rail regulator is coming up to recommend passenger and freight fares

As of now, RITES is fulfilling an order from Myanmar Railways for the supply of 18 locomotives. In the past, RITES has exported 20 DMU train sets and three locomotives to Sri Lankan railways. Not only this, from 2008 to 2012, it also made available its expertise for setting up their railway maintenance facilities, while imparting training for their railway officials.

Also read: $4

(Image source Urban News Digest)

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