State-run engineering consultancy and transport infrastructure major RITES Ltd is accelerating its global project execution as it seeks to cement its presence across Africa, the Middle East, and Latin America. With an export order book of ₹1,400 crore—up 17% from last year—the company is moving from deal-making to delivery, targeting a total order book of ₹10,000 crore by FY26.
Chairman and Managing Director Rahul Mithal said execution activity will gain significant traction from Q3, with major turnkey and export projects underway. “The strategy now is to fast-track deliveries while maintaining our three core non-negotiables—uncompromised quality, controlled costs, and on-time execution,” he said, referring to the firm’s internal ‘Operation Tattva’ programme.
The Bangladesh Railways contract, valued at ₹900 crore and covering 200 coaches in seven designs, is back on track after delays. Prototypes for four variants are expected by year-end, and at least one 20-coach rake is likely to be shipped before March 2026.
In Africa, RITES is executing a ₹300 crore locomotive order for Mozambique and a retrofit programme in South Africa, converting in-service diesel locomotives to cape-gauge—a segment Mithal believes could yield long-term opportunities.
The Middle East push has brought in a consultancy project in Jordan and strategic MoUs with Etihad Rail, DP World, and AD Ports. Meanwhile, RITES is also piloting MAITRI (Master Application for International Trade & Regulatory Interface) under the India-Middle East-Europe Corridor (IMEC) initiative to enable seamless customs and trade document exchange between Indian and UAE ports.
RITES has secured at least one export order per quarter over the last six quarters—averaging ₹40–50 crore each—and aims to keep that momentum. The FY26 order book of ₹8,800 crore is split across consultancy (₹2,900 crore), turnkey (₹4,200 crore), and exports (₹1,400 crore).
“Our focus is on converting opportunities into deliveries. With strong traction across geographies and steady order inflows, we’re confident of scaling up both revenues and our international footprint,” Mithal said.