RITES Limited

"Financial sources needed for enforcing the deal, which amounts to $600 million, will be secured by India. An Indian state-run company named Rites is in charge of providing the locomotives to Iran. The MoU was signed during the three-day visit of Iran's Road and Urban Development Minister Abbas Akhoundi to India by Deputy Head of Iran Railway Company for Planning and Economy of Transportation Nourollah Beiranvand and Managing Director of State Locomotive Company Rajeev Mehrotra in New Delhi." (January 12, 2018)