Mumbai, July 7 -- The international contract involves the supply and commissioning of 4,000 HP Cape Gauge diesel-electric locomotives and is valued at $35.8 million.

The project is scheduled to be executed over a period of 20 months.

The company said the formal contract agreement will be signed after the completion of due diligence by both parties. Following the execution of the agreement, the order will be added to the company's order book.

Rites is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and In...