• State-owned RITES Limited signed a contract with Bangladesh Railways to supply 200 broad-gauge passenger carriages to the neighbouring country.  

• The export arm of Indian Railways, RITES, has won the $111.26 million (approximately Rs 915 crore) contract, funded by European Investment Bank, through a global competitive bidding process.

• RITES has been an old partner in Bangladesh’s path to infrastructure development. Earlier, it had supplied 120 BG Passenger Coaches (LHB type), 36 BG locomotives and 10 Meter Gauge locomotives to Bangladesh Railways, besides collaborating on other infrastructure projects.

RITES Limited

• RITES Limited is a Navratna and Schedule ‘A’ Central Public Sector Enterprise under the ministry of railways.

• It was established on April 26, 1974.

• It is a leading multi-disciplinary engineering & consultancy organisation, providing customised, competitive, diversified, and comprehensive, concept to commissioning services and integrated solutions in the transport and infrastructure sector in India and abroad. 

• The company has an experience spanning over five decades and undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and the Middle East region.

• The services provided by the company cover transport and infrastructure sectors such as railways, highways, airports, ports, ropeways, urban transport, inland waterways, renewable energy, etc.

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