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Formerly | Rail India Technical and Economic Service |
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Company type | Public |
NSE: RITES BSE: 541556 | |
Industry | Infrastructure |
Founded | 26 April 1974 |
Headquarters | , India |
Area served | Worldwide |
Key people | |
Services | Consulting |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Owner | Government of India (72.20%) |
Number of employees | 2800 (March 2022) |
Website | RITES |
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.
The Ministry of Finance conferred ‘Navratna’ status on RITES in year 2023. [3]
Major railway companies and projects that have had projects with RITES as a consultant include:
Ircon International, or Indian Railway Construction International Limited (IRCON), is an Indian engineering & construction corporation, specialized in transport infrastructure. The public sector undertaking was established in 1976, by the Indian Railways under the Indian Companies Act 1956. IRCON was registered as the Indian Railway Construction International Limited, a wholly owned entity of the Indian Railways. Its primary charter was the construction of railway projects in India and abroad. Ircon has since diversified into other transport and infrastructure segments and with its expanded scope of operations around the world, the name was changed to Indian Railway International Ltd. in October 1995.
Delhi Metro Rail Corporation (DMRC) is a centre-state joint venture that operates the Delhi Metro and Noida Metro. The Delhi Metro Rail Corporation is also involved in the planning and implementation of metro rail, monorail, and high-speed rail projects in India, and abroad. The work of the Delhi Metro Rail Corporation is fragmented into various parts which are controlled by directors under the direction of a managing director.
The Kochi Metro is a rapid transit system serving the city of Kochi and the wider Kochi Metropolitan Region in Kerala, India. It was opened to the public within four years of starting construction, making it one of the fastest completed metro projects in India. The Kochi metro project is the first metro system in the country which connects rail, road and water transport facilities. It is also the first metro rail system in India to be operated using the Communication-Based Train Control (CBTC) signalling system, which requires minimum human intervention. The Kochi Water Metro is integrated with the Kochi Metro, which also serves as a feeder service to the suburbs along the rivers where transport accessibility is limited.
Bengaluru Suburban Railway is an under-construction suburban rail network for the city of Bangalore. A suburban rail system for the city was first proposed in 1983. Since then, several different route proposals were made but no suburban rail project took shape. It was finally approved in the 2019 Railway Budget.
Chandigarh Metro is an approved rapid transit system to serve the Chandigarh Capital Region, which includes Chandigarh and adjacent areas in Punjab and Haryana states of India. In Phase-1, to be progressively built and operationalised between 2027 and 2034, 3 lines will connect tri-cities of Chandigarh, Mohali in Punjab and Panchkula in Haryana. Phase-2, to be constructed after 2034, will connect Pinjore in Haryana and further expand the network in Mohali with 2 more lines. The project, which was initially scrapped in 2017 due to low financial viability, was approved in March 2023 and received formal clearance in July 2024 from the governments of Punjab and Haryana after a Detailed Project Report (DPR) was created.
Urban rail transit in India plays an important role in intracity transportation in the major cities which are highly populated. It consists of rapid transit, suburban rail, monorail, and tram systems.
Patna Metro (Patna MRTS) is a rapid transit system being constructed in the city of Patna, India. Construction will be completed over five phases, and the transit system would be owned and operated by the state-run Patna Metro Rail Corporation. In the first phase, five stations of Patna Metro will be operational by March 2025. Patna MRTS, constructed under a public-private partnership model, is estimated to cost ₹133,657.7 million (US$1.6 billion). This cost excludes land acquisition cost, which will be paid for by the Bihar government. The first phase (consisting of the east–west and north–south corridors) will include both a 15.36 km (9.54 mi) elevated track and a 16.30 km (10.13 mi) underground track.
Kozhikode Light Metro is a proposed Light Metro system for the city of Kozhikode (Calicut), in India. In 2010, the State government explored the possibility of implementing a metro rail project for Kozhikode city and its suburbs. The proposal was to have a corridor connecting Meenchanda to the Kozhikode Medical College Hospital through the heart of the city. An inception report was submitted by a Bangalore-based consultant, Wilber Smith, on the detailed feasibility study on the prospect of implementing the Mass Rapid Transport System (MRTS) and Light Rail Transit System (LRTS) in the city. However, the project has been scrapped to be replaced by Kozhikode Monorail project.
Nagpur Metro is a rapid transit system for the city of Nagpur, Maharashtra, India. Phase I of the metro project cost was estimated to cost ₹8,650 crore but the final project cost incurred was ₹9,279 crore (US$1.1 billion). In February 2014, the Government of Maharashtra gave approval for the Metro project, while the Government of India's Ministry of Urban Development had given "In Principle" approval for the project. On 20 August 2014, Union Cabinet gave approval for the development of the project, and the Prime Minister laid the foundation stone on 21 August. Construction began on 31 May 2015, with trial run beginning on 30 September 2017.
NBCC (India) Limited, formerly known as National Buildings Construction Corporation is a public sector undertaking (PSU) company under the Ministry of Housing and Urban Affairs, Government of India.
The Uttar Pradesh Metro Rail Corporation(UPMRC) is a joint venture company that operates the Lucknow Metro, Agra Metro and Kanpur Metro.The Varanasi Metro, Prayagraj Metro, Gorakhpur Metro, and Bareilly Metro are proposed by UPMRC. The company's headquarters is at Vipin Khand, Gomti Nagar in Lucknow, Uttar Pradesh, India.
Delhi Integrated Multi-Modal Transit System (DIMTS) Limited operates as a transport consultancy and infrastructure development company. Established as a joint venture entity, it maintains equal equity shares between the Government of National Capital Territory of Delhi (GNCTD)
The Housing and Urban Development Corporation Limited, abbreviated as HUDCO, is an Indian public sector undertaking engaged in housing finance and infrastructure project finance. The Govt Grants Navratna Status to PSU on April 18,2024.
Public Sector Undertakings (PSU) in India are government-owned entities in which at least 51% of stake is under the ownership of the Government of India or state governments.These type of firms can also be a joint venture of multiple PSUs. These entities perform commercial functions on behalf of the government. Depending on the level of government ownership, PSUs are officially classified into two categories: Central Public Sector Undertakings (CPSUs), owned by the central government or other CPSUs; and State Public Sector Undertakings (SPSUs), owned by state governments. CPSU and SPSU is further classified into Strategic Sector and Non-Strategic Sector. Depending on their financial performance and progress, CPSUs are granted the status of Maharatna, Navaratna, and Miniratna.
The Srinagar Metro is a light rail transit planned for the city of Srinagar, Jammu and Kashmir. The plans for the Srinagar Metro have been finalised with the work expected to start once the project gets nod from union cabinet. The proposed network will have two corridors. Each corridor of Srinagar metro will have 12 stations each with the total cost expected to be ₹5,559 crore.
The Meerut Metro is an under-construction rapid transit system, which will serve the city of Meerut, Uttar Pradesh, India. It is being built in two phases, of which the first phase with the first line will cover 23.6 km (14.7 mi) with 13 stations, from Modipuram to Meerut South. It will have nine elevated, three underground stations, one at-grade station as the depot station at Modipuram, and four stations integrated with the Delhi–Meerut Regional Rapid Transit System on a single corridor, making the metro the first such rapid transit system in India to be merged directly with a regional transit system. The second phase will include a second line covering 15 km (9.3 mi) from Shradhapuri Phase-II to Jagrati Vihar, with 12 stations, out of which seven will be elevated and five will be underground, thereby taking the overall length to 38.6 km (24.0 mi). The metro will also be the fastest metro of India, at an operational speed of 120 km/h (75 mph).
The Varanasi Metro is a light rail transit system proposed for the city of Varanasi, Uttar Pradesh, India. The proposed system consists of 2 corridors that span from BHEL to Banaras Hindu University (19.35 km) and Benia Bagh to Sarnath (9.885 km). The feasibility study of the project was done by RITES and was completed in June 2015.
Urban Mass Transit Company Limited (UMTC) is an urban transport consultancy company to develop sustainable urban mobility methods and solutions. It focuses on planning, designing, project management and implementation supervision of urban transportation projects. It was founded on 13 April 1993 as a partnership between Ministry of Housing and Urban Affairs, Andhra Pradesh State Road Transport Corporation and Infrastructure Leasing & Financial Services Limited (IL&FS).
Delhi–Varanasi High Speed Rail Corridor is India's second High-speed rail project after the Mumbai-Ahmedabad High Speed Rail Corridor. The 958-kilometre (595 mi) HSR corridor will connect Varanasi to Delhi through 13 stations along with a 123 km long spur connecting Lucknow and Ayodhya.
The Jammu Metro is a proposed light rail transit system for the city of Jammu in the Indian Union Territory of Jammu and Kashmir. The project has been proposed by the Housing and Urban Development Department of the Government of Jammu and Kashmir and is estimated to cost Rs. 4825 crores in phase 1. The proposed system will have a total route length of 43.50 km, consisting of 4 lines and 22 stations, and will be completed in two phases. The expected completion date for the project is 2026.
In Kenya, RITES has been involved in several projects including the operations of the Rift Valley Railway, which runs Kenya's railway line.