Rail India Technical and Economic Service

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

Formerly	Rail India Technical and Economic Service
Company type	Public
Traded as	NSE: RITES BSE: 541556
Industry	Infrastructure
Founded	26 April 1974; 50 years ago (1974-04-26)
Headquarters	Sector-29, Gurgaon, Haryana , India
Area served	Worldwide
Key people	Mr. Rahul Mithal (Chairman & MD)
Services	Consulting
Revenue	₹2,734.51 crore (US$340 million) (2020)
Operating income	₹881.27 crore (US$110 million) (2020)
Net income	₹626.16 crore (US$78 million) (2020)
Total assets	₹5,902.64 crore (US$740 million) (2020)
Total equity	₹2,714.75 crore (US$340 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

1. "Balance Sheet 31.03.2020"^{[permanent dead link]}
2. "Indian Railways' PSUs, RITES Ltd and IRCON granted Navratna status". pib.gov.in. PIB Delhi. 13 October 2023. Retrieved 12 January 2024.
3. Press Release, PIB. "RITES Ltd granted Navratna status".
4. "Growing Indo-Algerian Inter-Governmental Cooperation" (PDF). External Publicity Division, Ministry of External Affairs. Press Information Bureau. 4 January 1982. Retrieved 15 January 2024.
5. . Archived from the original on 4 March 2016. Retrieved 15 March 2012.
6. "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.
7. "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.
8. 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.
9. "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.
10. Regional Rail Systems Support Project: Swaziland Component (PDF). USAID. October 1994. p. 21. Retrieved 15 January 2024.
11. 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.
12. "Contract secured by RITES". Rajya Sabha Official Debates (PDF). New Delhi: Rajya Sabha Secretariat. 2 August 1989. pp. 96–97.
13. . Railways Africa. Archived from the original on 3 April 2012. Retrieved 19 December 2010.
14. 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.
15. 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.
16. "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.
17. Regional Rail Systems Support Project Paper: Mozambique Component (PDF). USAID. 1988. Retrieved 15 January 2024.
18. 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.
19. 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.
20. "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.
21. Kumar, K. P. Narayana (7 August 2010). "RITES: The Torchbearer for India's Strategic Interests". Forbes India. Retrieved 16 January 2024.
22. Guha, Rajat; Narayan, Subhash (19 October 2007). "RITES buys 51% stake in Tanzania Railways". The Economic Times. Retrieved 15 January 2024.
23. 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.
24. "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.
25. 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.
26. "Undertakings and other Organisations". Annual Report & Accounts 2010-11 (PDF). New Delhi: Ministry of Railways. 2011. p. 86. Retrieved 16 January 2024.
27. IANS (11 June 2013). "Bihar nod to preparing DPR for Patna metro rail" – via Business Standard.
28. . News18. Archived from the original on 16 June 2013.
29. 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

• RITES Ltd. on Twitter
• Rites journal, July 3 March 2016 at the Wayback Machine