Rail India Technical and Economic Service
Rail India Technical and Economic Service Limited, abbreviated as RITES Ltd, is an Indian public sector undertaking and 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]
 | |
| Type | Public |
|---|---|
| NSE: RITES BSE: 541556 | |
| Industry | Infrastructure |
| Founded | 1974 |
| Headquarters | , India |
Area served | Worldwide |
Key people | |
| Services | Consulting |
| Revenue |  ₹2,734.51 crore (US$340 million) (2020) [1] |
| ₹881.27 crore (US$110 million) (2020)[1] | |
| ₹626.16 crore (US$78 million) (2020)[1] | |
| Total assets | ₹5,902.64 crore (US$740 million) (2020)[1] |
| Total equity | ₹2,714.75 crore (US$340 million) (2020)[1] |
| Owner | Government of India (72.20%) |
Number of employees | 3236 (March 2020) |
| Website | RITES |
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 projects
Major railway companies and projects that have had projects with RITES as a consultant include:
- SNTF, Algeria, Consulting
- Luanda Railway (CFL), Angola, Feasibility study for rehabilitation[6]
- Bangladesh Railway, Bangladesh, Consultation[7]
- Belize Railways, Belize, Planning
- Belmopan Commuter Rail, Belize, Planning
- Botswana Railways, Botswana, Management Support and Consultation
- Cambodian Railways, Cambodia, Rehabilitation
- Red Atlantic Railway Network, Colombia, Equity partner, Technical and Managerial support
- Ghana Railway Corporation, Ghana, Consultation
- Iran Railways, Iran, Planning
- Iraqi Republic Railways, Operation and Maintenance of Baghdad – Al Qaim – Akashat Section.
- Railways of Jamaica[8]
- Kenya Railways, Kenya, Locomotive operation, Restructuring, Planning
- Central East African Railways, Malawi, Management services.
- Beira Railroad Corporation (CFM Central), Mozambique, Rehabilitation and Management
- Nicaraguan Railways, Nicaragua, Planning
- Nigerian Railways, Nigeria, Complete management (3 years), Revitalization, Planning[9][10]
- Philippine Railways, Philippines, Rehabilitation
- Sri Lanka Railways, Sri Lanka, Consulting and Management assistance
- Sudan Railways, Sudan, Consulting
- Tanzania Railway Corporation, Tanzania, General management
- Uzbek Railways, Uzbekistan, Expert based consultancy for Elastic Fasteners and Accounting System project
- Zambian Railways, Zambia, Improvement project
- National Railways of Zimbabwe, Zimbabwe, Investment plan
- Bangalore Metro Rail Corporation, As a lead partner to General Consultants.
- Bogibeel Bridge at Dibrugarh, as Design Consultants.
- Patna Metro, for preparing its DPR Detailed Project Report.
- Gorakhpur Metro, for preparing its DPR Detailed Project Report.[11][12]
- Nagpur Metro, As a partner in the consortium of General Consultants.
- Ahmedabad Metro.
- National High Speed Rail Corporation Limited (NHSRCL).
- Mumbai Metro Line 3 (Colaba – Bandra – Seepz Metro)[13]
References
- "Balance Sheet 31.03.2020".
- "RITES Limited(RITES),Profile, Latest News, Press Release, MOU, CSR". www.psuconnect.in. Retrieved 8 December 2020.
- "Home Page". RITES, Limited. Retrieved 12 August 2011.
- "Rites IPO Review – Rites IPO Dates, Issue Price, Subscription and Allotment Status – The Economic Times". economictimes.indiatimes.com. Retrieved 4 January 2020.
- Reporter, S. I. (14 June 2019). "RITES gains 6% to Rs 295 on bonus issue plan announcement". Business Standard India. Retrieved 4 January 2020.
- "RITES: List of completed projects".
- "India's Neighbours". Annual Report, 1994-95. New Delhi: Policy Planning and Research Division, Ministry of External Affairs. 1995. p. 3. Retrieved 8 March 2023.
- "REVIVING JAMAICA'S DORMANT RAILWAY". Railways Africa. Archived from the original on 3 April 2012. Retrieved 19 December 2010.
- Wapmuk, Sharkdam (2021). "Perspectives on Technical and Consultancy Cooperation, Joint Ventures, and Indian Companies in Nigeria". Nigeria-India Relations in a Changing World. Lexington Books. p. 118. ISBN 9781793644541. Retrieved 8 March 2023.
- "Technical and Economic Cooperation". Annual Report, 1978-79. New Delhi: Policy Planning and Research Division, Ministry of External Affairs. 1979. p. 51. Retrieved 8 March 2023.
- IANS (11 June 2013). "Bihar nod to preparing DPR for Patna metro rail" – via Business Standard.
- "News18.com: CNN-News18 Breaking News India, Latest News, Current News Headlines". News18. Archived from the original on 16 June 2013.
- 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 links
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