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]
 | |
| Formerly | Rail India Technical and Economic Service |
|---|---|
| Company type | Public |
| NSE: RITES BSE: 541556 | |
| Industry | Infrastructure |
| Founded | 26 April 1974 |
| Headquarters | , India |
Area served | Worldwide |
Key people | |
| Services | Consulting |
| Revenue |  ₹2,734.51 crore (US$330 million) (2020) |
| ₹881.27 crore (US$110 million) (2020) | |
| ₹626.16 crore (US$75 million) (2020) | |
| Total assets | ₹5,902.64 crore (US$710 million) (2020) |
| Total equity | ₹2,714.75 crore (US$330 million) (2020) |
| Owner | Government of India (72.20%) |
Number of employees | 2800 (March 2022) |
| Website | RITES |
| Footnotes / references [1] | |
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]
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:
- SNTF, Algeria: Consulting[4]
- Luanda Railway (CFL), Angola: Feasibility study for rehabilitation[5]
- Bangladesh Railway, Bangladesh: Consultation[6][7]
- Belize Railways, Belize: Planning
- Belmopan Commuter Rail, Belize: Planning
- Botswana Railways, Botswana: Management support and consultation[8]
- Cambodian Railways, Cambodia: Rehabilitation
- Red Atlantic Railway Network, Colombia: Equity partner, technical and managerial support[9]
- Eswatini Railways, Eswatini: Technical assistance[10]
- Ethiopian Railway Corporation, Ethiopia: Consultation[11]
- Ghana Railway Corporation, Ghana: Consultation
- Iran Railways, Iran: Planning
- Iraqi Republic Railways, Iraq: Operation and maintenance of Baghdad–Al Qaim–Akashat section[12]
- Railways of Jamaica[13]
- Kenya Railways, Kenya: Locomotive operation, restructuring, and planning[14][15]
- Central East African Railways, Malawi: Management services
- Beira Railroad Corporation (CFM Central), Mozambique: Rehabilitation and management[16][17]
- Myanmar Railways, Myanmar: Technical assistance and consultation[18]
- Nicaraguan Railways, Nicaragua: Planning
- Nigerian Railways, Nigeria: Complete management (3 years), revitalization, and planning[19][20]
- Philippine Railways, Philippines: Rehabilitation
- Sri Lanka Railways, Sri Lanka: Consulting and management assistance[21]
- Sudan Railways, Sudan: Consulting
- Tanzania Railway Corporation, Tanzania: General management[22]
- Togo Railways, Togo: General management[23]
- Uzbek Railways, Uzbekistan: Expert-based consultancy for elastic fasteners and accounting system project
- Zambian Railways, Zambia: Improvement project[24]
- National Railways of Zimbabwe, Zimbabwe: Investment plan, maintenance, rehabilitation, staff training[25]
- Bangalore Metro Rail Corporation: As a lead partner to general consultants[26]
- Bogibeel Bridge at Dibrugarh: As Design Consultants.
- Patna Metro: For preparing its DPR
- Gorakhpur Metro: For preparing its DPR[27][28]
- 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)[29]
References
External links
- RITES Ltd. on Twitter
- Rites journal, July Archived 3 March 2016 at the Wayback Machine