On Thursday, Railway consultancy RITES Ltd said it had secured contracts worth Rs 364.56 crore from Indian Containers. The order covers the operation and maintenance of the shunting locomotive for ten years.

“RITES has secured a 10-year shunting locomotive operation and maintenance business from Container Corporation of India for Rs 364.56 crore,” Railway Consultancy said in a regulatory filing.

RITES is a public sector company leader in transportation consulting and engineering, offering multiple services and geographic coverage.

CONCOR (Container Corporation of India Ltd) was established under the Companies Act in March 1988 and started operations in November 1989, taking over the existing 7 ICD network of Indian Railways.

CONCOR has the largest ICD/CFS network in India, with 61 ICD/CFS (59 terminals and two strategic partners). In addition to providing intra-container rail transport, its range of services also includes port management, air cargo complexes and cold chain construction.