Rail India Technical and Economic Service

Summary

Rail India Technical and Economic Service Limited, abbreviated as RITES Ltd, is under the ownership of Indian Railways, Ministry of Railways, Government of India and an engineering consultancy corporation, specializing in the field of transport infrastructure. Established in 1974 by the Indian Railways, the company's initial charter was to provide consultancy services in rail transport management to operators in India and abroad. RITES has since diversified into planning and consulting services for other infrastructure, including airports, ports, highways and urban planning. On-shore WDS6 Diesel Loco Leasing service has been introduced. It was awarded the status of MINIRATNA in 2002.[2]

Rail India Technical and Economic Service
TypeSubsidiary of Indian Railways
NSE: RITES
BSE: 541556
IndustryInfrastructure
Founded1974
Headquarters,
Area served
Worldwide
Key people
ServicesConsulting
RevenueIncrease2,734.51 crore (US$360 million) (2020) [1]
Increase881.27 crore (US$120 million) (2020)[1]
Increase626.16 crore (US$82 million) (2020)[1]
Total assetsIncrease5,902.64 crore (US$770 million) (2020)[1]
Total equityIncrease2,714.75 crore (US$360 million) (2020)[1]
OwnerIndian Railways
(Ministry of Railways, Government of India)
Number of employees
3236 (March 2020)
WebsiteRITES

It has executed projects in over 62 countries on every major continent. As of 2011, it was executing projects in over 55 countries.[3]

The company got listed on both the major stock exchanges in India on July, 2018.[4][5]

Railway projectsEdit

Major railway companies and projects that have had projects with RITES as a consultant include:

ReferencesEdit

  1. ^ a b c d e "Balance Sheet 31.03.2020".
  2. ^ "RITES Limited(RITES),Profile, Latest News, Press Release, MOU, CSR". www.psuconnect.in. Retrieved 8 December 2020.
  3. ^ "Home Page". RITES, Limited. Retrieved 12 August 2011.
  4. ^ "Rites IPO Review – Rites IPO Dates, Issue Price, Subscription and Allotment Status – The Economic Times". economictimes.indiatimes.com. Retrieved 4 January 2020.
  5. ^ Reporter, S. I. (14 June 2019). "RITES gains 6% to Rs 295 on bonus issue plan announcement". Business Standard India. Retrieved 4 January 2020.
  6. ^ "RITES: List of completed projects".
  7. ^ "REVIVING JAMAICA'S DORMANT RAILWAY". Railways Africa. Archived from the original on 3 April 2012. Retrieved 19 December 2010.
  8. ^ IANS (11 June 2013). "Bihar nod to preparing DPR for Patna metro rail" – via Business Standard.
  9. ^ "News18.com: CNN-News18 Breaking News India, Latest News, Current News Headlines". News18. Archived from the original on 16 June 2013.
  10. ^ Detailed project report – Mumbai metro line 3 – Colaba-Bandra-Seepz (533 pages) (PDF). Mumbai: Mumbai metro raiul corporation limited / RITES (GOI). 1 November 2011. Retrieved 27 August 2018.

External linksEdit

  • Official website
  • RITES Ltd. on Twitter
  • Rites journal, July