RITES Ltd, formerly known as Rail India Technical and Economic Service Limited, 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.[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 |  ₹2,539 crore (US$300 million) (2023-24) |
| ₹526 crore (US$63 million) (2023-24) | |
| ₹495 crore (US$59 million) (2023-24) | |
| Total assets | ₹5,661 crore (US$680 million) (2023-24) |
| Total equity | ₹2,609 crore (US$310 million) (2023-24) |
| Owner | Government of India (72.20%) |
Number of employees | 2611 (March 2024) |
| Website | RITES |
| Footnotes / references [1] | |
As of 2011, it has executed projects in over 62 countries.[3] The company got listed on both NSE and BSE in July 2018.[4][5]
Key Services
edit- 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
editMajor railway companies and projects that have had projects with RITES as a consultant include:
- SNTF, Algeria: Consulting[6]
- Luanda Railway (CFL), Angola: Feasibility study for rehabilitation[7]
- Bangladesh Railway, Bangladesh: Consultation[8][9]
- Belize Railways, Belize: Planning
- Belmopan Commuter Rail, Belize: Planning
- Botswana Railways, Botswana: Management support and consultation[10]
- Cambodian Railways, Cambodia: Rehabilitation
- Red Atlantic Railway Network, Colombia: Equity partner, technical and managerial support[11]
- Eswatini Railways, Eswatini: Technical assistance[12]
- Ethiopian Railway Corporation, Ethiopia: Consultation[13]
- Ghana Railway Corporation, Ghana: Consultation
- Iran Railways, Iran: Planning
- Iraqi Republic Railways, Iraq: Operation and maintenance of Baghdad–Al Qaim–Akashat section[14]
- Railways of Jamaica[15]
- Kenya Railways, Kenya: Locomotive operation, restructuring, and planning[16][17]
- Central East African Railways, Malawi: Management services
- Beira Railroad Corporation (CFM Central), Mozambique: Rehabilitation and management[18][19]
- Myanmar Railways, Myanmar: Technical assistance and consultation[20]
- Nicaraguan Railways, Nicaragua: Planning
- Nigerian Railways, Nigeria: Complete management (3 years), revitalization, and planning[21][22]
- Philippine Railways, Philippines: Rehabilitation
- Sri Lanka Railways, Sri Lanka: Consulting and management assistance[23]
- Sudan Railways, Sudan: Consulting
- Tanzania Railway Corporation, Tanzania: General management[24]
- Togo Railways, Togo: General management[25]
- Uzbek Railways, Uzbekistan: Expert-based consultancy for elastic fasteners and accounting system project
- Zambian Railways, Zambia: Improvement project[26]
- National Railways of Zimbabwe, Zimbabwe: Investment plan, maintenance, rehabilitation, staff training[27]
- Bangalore Metro Rail Corporation: As a lead partner to general consultants[28]
- Bogibeel Bridge at Dibrugarh: As Design Consultants.
- Patna Metro: For preparing its DPR
- Gorakhpur Metro: For preparing its DPR[29][30]
- 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)[31]
- Chennai Metro: For preparing its Phase-II DPR
References
edit- ^ "Integrated Annual Report for the financial year 2023-24" (PDF). rites.com. RITES. 31 March 2024. Retrieved 10 September 2024.
- ^ "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.
- ^ "Growing Indo-Algerian Inter-Governmental Cooperation" (PDF). External Publicity Division, Ministry of External Affairs. Press Information Bureau. 4 January 1982. Retrieved 15 January 2024.
- ^ "RITES: List of completed projects". Archived from the original on 4 March 2016. Retrieved 15 March 2012.
- ^ "India's Neighbours". Annual Report, 1994-95. New Delhi: Joint Secretary, Policy Planning and Research Division, Ministry of External Affairs. 1995. p. 3. Retrieved 8 March 2023.
- ^ "Bangladesh Railway signs contract with JV of RITES-Aarvee for Bogura-Sirajganj dual gauge railway line". Daily Sun. 27 September 2021. Retrieved 15 January 2024.
- ^ Bullock, Richard (November 2009). "Institutional arrangements". Off Track: Sub-Saharan African Railways (PDF). Washington D.C.: Office of the Publisher, World Bank. p. 44. Retrieved 15 January 2024.
- ^ "The Americas". Annual Report, 1999-2000. New Delhi: Joint Secretary, Policy Planning and Research Division, Ministry of External Affairs. 2000. p. 69. Retrieved 15 January 2024.
- ^ Regional Rail Systems Support Project: Swaziland Component (PDF). USAID. October 1994. p. 21. Retrieved 15 January 2024.
- ^ Jovanovic, D.; Holt, J. (12 June 1987). Ethiopia: Transport Corridor Analysis, Operational Improvements and Investment Options (PDF). Vol. 1. Office of the Publisher, World Bank. pp. 7, 75. Retrieved 15 January 2024.
- ^ "Contract secured by RITES". Rajya Sabha Official Debates (PDF). New Delhi: Rajya Sabha Secretariat. 2 August 1989. pp. 96–97.
- ^ "REVIVING JAMAICA'S DORMANT RAILWAY". Railways Africa. Archived from the original on 3 April 2012. Retrieved 19 December 2010.
- ^ Kiruthu, Felix; Kinyanjui, Mary; Muchoki, Francis (7 June 2013). "The New Scramble for Africa? Indo-Kenyan Economic Relations, 1980-2010". In Falola, Toyin; Achberger, Jessica (eds.). The Political Economy of Development and Underdevelopment in Africa. New York: Routledge. p. 295. ISBN 9781136683800.
In Kenya, RITES has been involved in several projects including the operations of the Rift Valley Railway, which runs Kenya's railway line.
- ^ Dubey, Ajay Kumar; Biswas, Aparajita (21 September 2015). "India's Pursuit of Investment Opportunities in Africa". India and Africa's Partnership: A Vision for a New Future. Springer. p. 72. ISBN 9788132226192.
- ^ "Africa (South of Sahara)". Annual Report, 2004-2005. New Delhi: Joint Secretary, Policy Planning and Research Division, Ministry of External Affairs. 2005. p. 67. Retrieved 15 January 2024.
- ^ Regional Rail Systems Support Project Paper: Mozambique Component (PDF). USAID. 1988. Retrieved 15 January 2024.
- ^ Singh, Thingnam Kishan, ed. (2009). Look East Policy and India's North East: Polemics & Perspectives. New Delhi: Concept Publishing Company. pp. 164, 192. ISBN 9788180694486. Retrieved 16 January 2024.
- ^ 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: Joint Secretary, Policy Planning and Research Division, Ministry of External Affairs. 1979. p. 51. Retrieved 8 March 2023.
- ^ Kumar, K. P. Narayana (7 August 2010). "RITES: The Torchbearer for India's Strategic Interests". Forbes India. Retrieved 16 January 2024.
- ^ Guha, Rajat; Narayan, Subhash (19 October 2007). "RITES buys 51% stake in Tanzania Railways". The Economic Times. Retrieved 15 January 2024.
- ^ Thompson, Louis S. (2013). "Railway infrastructure in Sub-Saharan Africa". The Africa Infrastructure Investment Report 2013 (PDF). London: Commonwealth Business Communications Ltd. p. 133. ISBN 9780957043268. Retrieved 15 January 2024.
- ^ "Africa (South of Sahara)". Annual Report, 1999-2000. New Delhi: Joint Secretary, Policy Planning and Research Division, Ministry of External Affairs. 2000. p. 49. Retrieved 15 January 2024.
- ^ Chhabra, Hari Sharan (January 1985). "India's Africa Policy". India Quarterly. 41 (1): 71. doi:10.1177/097492848504100110. S2CID 152320268. Retrieved 15 January 2024 – via SAGE Journals.
- ^ "Undertakings and other Organisations". Annual Report & Accounts 2010-11 (PDF). New Delhi: Ministry of Railways. 2011. p. 86. Retrieved 16 January 2024.
- ^ 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
edit- RITES Ltd. on Twitter
- Rites journal, July Archived 3 March 2016 at the Wayback Machine