Rites secures export contract worth USD 82.63 mn

Rites has secured an export contract for broad gauge passenger air conditioned and non air conditioned coaches for a total value of USD 82.63 million (approx. Rs 567 crore).

These coaches are to be exported within 27 months of opening of Letter of Credit. Company is confident of completing the export within the prescribed timeline. These coaches will be manufactured at production unit of lndian Railways, and the Company is nominated agency for such exports.

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