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ā¢ RITES has secured a tender for 10 diesel-electric locomotives from CFM Mozambique, valued at $37,680,080.
ā¢ The company was the lowest bidder in two tenders from CFM Mozambique, but did not win the bid for 300 high-side wagons.
ā¢ In its second quarter, RITES reported a 21.5% fall in net profit and 11.6% decrease in revenue (excluding other income) compared to the same quarter last year.