NEW DELHI (Metro Rail News): RITES Limited, a government of India enterprise operating under Indian Railways, has been declared as the lowest bidder in two tenders from CFM, Mozambique. The tenders are for the supply of ten locomotives and one hundred and fifty wagons.
The bid is now subject to the scrutiny and evaluation process of CFM, Mozambique. The company will have to meet all the requisite requirements mentioned in the tender documents before the order is officially awarded to them. The estimated value of the bid stands at approximately Rs. 500 Crore.
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