Rail India Technical and Economic Service

Last updated

RITES
FormerlyRail India Technical and Economic Service
Company type Public
NSE:  RITES
BSE:  541556
Industry Infrastructure
Founded26 April 1974;51 years ago (1974-04-26)
Headquarters
Sector-29, Gurgaon, Haryana
,
India
Area served
Worldwide
Key people
Services Consulting
RevenueIncrease2.svg2,539 crore (US$300 million) (2023-24)
Increase2.svg526 crore (US$62 million) (2023-24)
Increase2.svg495 crore (US$59 million) (2023-24)
Total assets Increase2.svg5,661 crore (US$670 million) (2023-24)
Total equity Increase2.svg2,609 crore (US$310 million) (2023-24)
Owner Government of India (72.20%)
Number of employees
2611 (March 2024)
Website RITES
Footnotes /references
[1]

RITES Limited (Rail India Technical and Economic Service) is an Indian public sector undertaking which operates under the Ministry of Railways, Government of India. Incorporated in April 1974, it is designated as a Navratna Central Public Sector Enterprise (CPSE). The company provides consultancy, engineering, and project delivery services in the field including railways, highways, metros, tunnels, bridges, urban development, buildings, airports, ports, ropeways, inland waterways, multimodal logistics parks and green mobility. [2]

Contents

History

RITES was established in 1974 to provide consultancy services to the Indian Railways, including feasibility studies, project planning, and infrastructure development. Over the years, its scope expanded to cover other transport sectors and overseas markets. [3] The company has undertaken more than 5,000 projects in India and over 55 countries across Asia, Africa, and Latin America. In 2018, RITES became a publicly traded company listed on the Bombay Stock Exchange and the National Stock Exchange of India. [4] [5]

Operations

Engineering Design and Project Reports

RITES' engineering design activities include the engineering consultancy, feasibility studies, design and planning, environmental assessments, and project management services across multiple sectors. It also prepares detailed project reports, environmental and social impact assessments, and undertakes geotechnical investigations and surveys. [6]

Project Management Services

The company undertakes project management through advisory services for project appraisal, procurement assistance, project management consultancy, third‑party inspections and authority engineer roles. [7]

Export of Rolling Stock

It is engaged in the export of rolling stock such as locomotives, coaches, wagons and other railway equipment, providing commissioning, warranty and spare parts support, incidental services etc. [8]

Leasing of Locomotives and O&M of Rail Assets

RITES operates a fleet of over 90 locomotives provided to non-railway clients, including but not limited to ports, cement plants, coal plants, power plants, container deports, project sites etc. RITES also manages operations and maintenance (O&M) services of rail assets at more than 30 sites across India. [9]

Turnkey Construction Work

In turnkey construction, the company executes Engineering, Procurement and Construction contracts covering railway electrification, stations, bridges, tunnels, depots and related facilities. [10]

Quality Control and Inspection

Its quality control and inspection services involve third‑party inspection and quality assurance for components used in transport infrastructure. [11]

Subsidiaries and Joint Ventures

Key subsidiaries and joint ventures include:

Selected Projects

Domestic:

International:

RITES has worked on railway modernisation and transport infrastructure in Sri Lanka [22] , Bangladesh, Mozambique, Mauritius, and other countries in Africa and Latin America. [23]

Exports

RITES’ is involved in the export operations to international markets across Asia, Africa, and Latin America. It has supplied more than 175 locomotives and 900 coaches over the years and has undertaken projects involving the export of rolling stock to various African and South Asian countries from Sri Lanka, Angola, Bangladesh, Myanmar to Mozambique, a Cape Gauge country. [24]

References

  1. "Integrated Annual Report for the financial year 2023-24" (PDF). rites.com. RITES. 31 March 2024. Retrieved 10 September 2024.
  2. "RITES Limited(RITES),Profile, Latest News, Press Release, MOU, CSR". www.psuconnect.in. Retrieved 8 December 2020.
  3. "Home Page". RITES, Limited. Archived from the original on 26 September 2009. 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. Nagasundaram, Dhanya (20 February 2025). "Rites share price jumps 7% after MoU with Central Water and Power Research Station | Stock Market News". mint. Archived from the original on 7 March 2025. Retrieved 18 August 2025.
  7. "RITES Wins $3.4 Million High-Speed Rail Survey Contract". www.constructionworld.in. Retrieved 15 August 2025.
  8. "First Indian-built diesel locomotive by BLW exported to Mozambique". ROLLINGSTOCK. 25 June 2025. Retrieved 18 August 2025.
  9. www.ETGovernment.com. "RITES: Fostering the development of sustainable urban habitats and transport systems". ETGovernment.com. Retrieved 15 August 2025.
  10. "RITES Wins ₹46.82 Crore Turnkey Deal for College Infrastructure Work in Karnataka | India Infoline". www.indiainfoline.com. Retrieved 18 August 2025.
  11. "RITES eyes revenue growth through export focus, quality assurance & business diversification: CMD". The Times of India. 17 May 2025. ISSN   0971-8257 . Retrieved 15 August 2025.
  12. Ahmad, Muhammad (12 December 2024). "REMC Ltd's Ambitious Roadmap to Decarbonize Indian Railways by 2030". ESG News India. Retrieved 15 August 2025.
  13. "Indian Railways Awards Rs 818 Crore Wagon Contract To SAIL-RITES Joint Venture - Metro Rail News". Metro Rail News. 14 May 2024. Archived from the original on 17 May 2025. Retrieved 15 August 2025.
  14. "RITES plans an expansion on the African continent". www.constructionworld.in. Retrieved 15 August 2025.
  15. By Niladri Sekhar Dutta, PTI (23 December 2018). "Bogibeel: India's longest rail-road bridge has lifespan of around 120 years". mint. Archived from the original on 25 April 2025. Retrieved 15 August 2025.
  16. "India's longest railway tunnel: Decoding the features of Pir Panjal Railway Tunnel - India's longest railway tunnel". The Economic Times. Retrieved 15 August 2025.
  17. Reporter, BS (7 September 2015). "French firm-led consortium roped in as general engineering consultant for Ahmedabad metro". Archived from the original on 4 August 2022. Retrieved 15 August 2025.
  18. "Shivamogga airport plan fast-tracked, cost goes up 275%". Deccan Herald. Retrieved 15 August 2025.
  19. Dec 29, PTILast Updated (29 December 2023). "With 'mukut' and 'bow and arrow,' new Ayodhya station loaded with religious symbols". The Economic Times. ISSN   0013-0389 . Retrieved 15 August 2025.{{cite news}}: CS1 maint: numeric names: authors list (link)
  20. PTI (16 July 2022). "PM Modi inaugurates Bundelkhand Expressway in Uttar Pradesh". The New Indian Express. Retrieved 15 August 2025.
  21. "J-K Guv unveils Bhawan-Bhairon Ghati passenger ropeway at Vaishno Devi". Hindustan Times. 24 December 2018. Retrieved 15 August 2025.
  22. Burroughs, David (12 October 2022). "Mauritius opens light rail Phase 2C". International Railway Journal. Retrieved 15 August 2025.
  23. Narayan, Subhash (30 January 2025). "RITES sets sight on executing high value export orders in Bangladesh, Mozambique, South Africa; expects 20% topline grow | Company Business News". mint. Archived from the original on 24 July 2025. Retrieved 15 August 2025.
  24. Narayan, Subhash (30 January 2025). "RITES sets sight on executing high value export orders in Bangladesh, Mozambique, South Africa; expects 20% topline grow | Company Business News". mint. Archived from the original on 24 July 2025. Retrieved 18 August 2025.