RITES
FormerlyRail India Technical and Economic Service
TypePublic
NSE: RITES
BSE: 541556
IndustryInfrastructure
Founded26 April 1974 (1974-04-26)
Headquarters
Sector-29, Gurgaon, Haryana
,
India
Area served
Worldwide
Key people
ServicesConsulting
RevenueIncrease ₹2,734.51 crore (US$340 million) (2020)
Increase ₹881.27 crore (US$110 million) (2020)
Increase ₹626.16 crore (US$78 million) (2020)
Total assetsIncrease ₹5,902.64 crore (US$740 million) (2020)
Total equityIncrease ₹2,714.75 crore (US$340 million) (2020)
OwnerGovernment of India (72.20%)
Number of employees
2800 (March 2022)
WebsiteRITES
Footnotes / references
[1]

RITES Ltd, formerly known as Rail India Technical and Economic Service Limited, is a Navaratna central public sector undertaking under India's Ministry of Railways. It was incorporated on April 26, 1974, and is a multidisciplinary engineering and consultancy organization providing a comprehensive range of services from concept to commissioning in all facets of transport infrastructure and related technologies.[2]

RITES is a leading player in the transport consultancy and engineering sector in India and uniquely placed in terms of diversification of services and geographical reach in various sectors such as railways, highways, urban engineering (metros) & sustainability, airports, ports, ropeways, institutional buildings, inland waterways, and renewable energy. The company is the only export arm of Indian Railways for providing rolling stock internationally (except for Thailand, Malaysia, and Indonesia). RITES' business spans over 49 years and covers more than 55 countries across Asia, Africa, Latin America, South America, and Middle East regions.

RITES became a listed company in July 2018, and it has made it to the Top-500 listed Indian companies based on its market capitalization.

Key Services

  • Consultancy services, which includes:-
    • Techno-economic viability
    • Project management consultancy
    • Detailed project reports
    • Construction supervision
    • Design engineering
    • Quality assurance & inspection services
    • Transaction advisory
  • Export of rolling stock & spares
  • Turnkey construction projects
  • Locomotive leasing services
  • Urban infrastructure and sustainability

Railway projects

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

References

  1. ↑ "Balance Sheet 31.03.2020"
  2. ↑ "Indian Railways' PSUs, RITES Ltd and IRCON granted Navratna status". pib.gov.in. PIB Delhi. 13 October 2023. Retrieved 12 January 2024.
  3. ↑ "RITES: List of completed projects". Archived from the original on 4 March 2016. Retrieved 15 March 2012.
  4. ↑ "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.
  5. ↑ "REVIVING JAMAICA'S DORMANT RAILWAY". Railways Africa. Archived from the original on 3 April 2012. Retrieved 19 December 2010.
  6. ↑ 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.
  7. ↑ "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.
  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.
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