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RITES is the lowest bidder for a Rs 4 bn railway contract with Sri Lanka Railways.

Nov 09, 2026

Contract Type

contract

IndiaTransportation

Description

RITES has emerged as the L-1 bidder for a contract to supply Broad Gauge Diesel Multiple Unit train sets for Sri Lanka Railways, valued at approximately Rs 4 bn. This contract will contribute to RITES' international order book and its expansion efforts in overseas railway markets. The contract award is pending final approval and documentation.

Company Information

Company

RITES Ltd

Location

India

About

RITES Ltd is a state-run engineering firm based in India. It provides a comprehensive array of services under various sectors of transportation, infrastructure, and related technologies.

Related People

Sandeep
Senior decision-maker at this company
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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.