Rail India Technical and Economic Service
 | |
| Formerly | Rail India Technical and Economic Service |
|---|---|
| Company type | Public |
| NSE: RITES BSE: 541556 | |
| Industry | Infrastructure |
| Founded | 1974 |
| Headquarters | , India |
Area served | Worldwide |
Key people | |
| Services | Consulting |
| Revenue |  ₹2,734.51 crore (US$330 million) (2020) [1] |
| ₹881.27 crore (US$110 million) (2020)[1] | |
| ₹626.16 crore (US$75 million) (2020)[1] | |
| Total assets | ₹5,902.64 crore (US$710 million) (2020)[1] |
| Total equity | ₹2,714.75 crore (US$330 million) (2020)[1] |
| Owner | Government of India (72.20%) |
Number of employees | 2800 (March 2022) |
| Website | RITES |
RITES Ltd, formerly known as Rail India Technical and Economic Service Limited a Navaratna, Central Public Sector Undertaking under the Ministry of Railways, incorporated on April 26, 1974 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.
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 except Thailand, Malaysia, and Indonesia.
RITES business spans over 49 years covering 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:-
- (1)Techno-Economic Viability
- (2)Project Management Consultancy
- (3)Detailed Project Reports
- (4)Construction Supervision
- (5)Design Engineering
- (6)Quality Assurance & Inspection Services
- (7)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
- Luanda Railway (CFL), Angola, Feasibility study for rehabilitation[2]
- Bangladesh Railway, Bangladesh, Consultation[3]
- Belize Railways, Belize, Planning
- Belmopan Commuter Rail, Belize, Planning
- Botswana Railways, Botswana, Management Support and Consultation
- Cambodian Railways, Cambodia, Rehabilitation
- Red Atlantic Railway Network, Colombia, Equity partner, Technical and Managerial support
- Ghana Railway Corporation, Ghana, Consultation
- Iran Railways, Iran, Planning
- Iraqi Republic Railways, Operation and Maintenance of Baghdad – Al Qaim – Akashat Section.
- Railways of Jamaica[4]
- Kenya Railways, Kenya, Locomotive operation, Restructuring, Planning
- Central East African Railways, Malawi, Management services.
- Beira Railroad Corporation (CFM Central), Mozambique, Rehabilitation and Management
- Nicaraguan Railways, Nicaragua, Planning
- Nigerian Railways, Nigeria, Complete management (3 years), Revitalization, Planning[5][6]
- Philippine Railways, Philippines, Rehabilitation
- Sri Lanka Railways, Sri Lanka, Consulting and Management assistance
- Sudan Railways, Sudan, Consulting
- Tanzania Railway Corporation, Tanzania, General management
- Uzbek Railways, Uzbekistan, Expert based consultancy for Elastic Fasteners and Accounting System project
- Zambian Railways, Zambia, Improvement project
- National Railways of Zimbabwe, Zimbabwe, Investment plan
- Bangalore Metro Rail Corporation, As a lead partner to General Consultants.
- Bogibeel Bridge at Dibrugarh, as Design Consultants.
- Patna Metro, for preparing its DPR Detailed Project Report.
- Gorakhpur Metro, for preparing its DPR Detailed Project Report.[7][8]
- 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)[9]
References
- ^ a b c d e "Balance Sheet 31.03.2020"[permanent dead link].
- ^ "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: Policy Planning and Research Division, Ministry of External Affairs. 1995. p. 3. Retrieved 8 March 2023.
- ^ "REVIVING JAMAICA'S DORMANT RAILWAY". Railways Africa. Archived from the original on 3 April 2012. Retrieved 19 December 2010.
- ^ 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: Policy Planning and Research Division, Ministry of External Affairs. 1979. p. 51. Retrieved 8 March 2023.
- ^ 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
- Official website
- RITES Ltd. on Twitter
- Rites journal, July Archived 3 March 2016 at the Wayback Machine
