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Latest news about RITES

RITES Secures ₹25.3 Crore Contract from NTPC for Mouda Thermal Power Plant Project 9 days ago

RITES Limited has won a ₹25.3 crore contract from NTPC Limited for the Mouda Super Thermal Power Project. The 24-month 'Biennial MGR Mega Contract' includes S&T maintenance, track maintenance, MGR operation, and DU handling. This project highlights RITES' expertise in infrastructure development for the power sector.

RITES Limited Reports Flat Q1 Results, Maintains Positive Outlook Aug 14, 2025

RITES Targets Over One Order Per Day to Drive Growth, Reports Strong Q1 Results Aug 06, 2025

RITES Limited Declares ₹1.30 Interim Dividend, Appoints New Secretarial Auditor Aug 06, 2025

RITES Limited Announces Senior Management Reshuffle: New Regional Head for Eastern Region Aug 01, 2025

More news about RITES

30Jul 25

RITES Partners with NABCONS for Infrastructure Development; Q4 Net Profit Rises 3.4%

RITES Ltd signed an MoU with NABCONS to jointly develop infrastructure and rural development projects in India and internationally. The partnership covers sectors like rural infrastructure, agri-logistics, and smart cities. In Q4 results, RITES reported a 3.4% increase in net profit to ₹141.00 crore, despite a 4.3% decrease in revenue to ₹615.00 crore. EBITDA rose by 5.4% to ₹185.50 crore, with operating margins improving by 564 basis points to 30.00%. The company declared a final dividend of ₹2.65 per share.

30Jul 25

RITES and NABCONS Join Forces to Drive Infrastructure and Rural Development

RITES Ltd. and NABARD Consultancy Services Pvt. Ltd. (NABCONS) have signed a Memorandum of Understanding to collaborate on infrastructure and rural development projects in India and abroad. The partnership aims to combine RITES' expertise in transport infrastructure with NABCONS' specialization in agriculture and rural development. Key focus areas include rural and urban infrastructure, green mobility, agri-logistics, climate-resilient development, and smart cities. The collaboration seeks to deliver integrated consultancy and project management services across various sectors, with plans to explore international opportunities, particularly projects funded by multilateral development banks.

25Jul 25

RITES Secures ₹177.23 Crore Contract from Bharat Electronics Limited, Reports Q4 Results

RITES Limited has received a Letter of Intent from Bharat Electronics Limited for a project valued at ₹177.23 crore. The contract involves design services, Project Management Consultancy, and construction of a Mass Manufacturing Facility for EM SBU at BEL – Palasamudram, Andhra Pradesh. The project has a 24-month execution period. RITES also reported a 3.40% increase in net profit to ₹141.00 crore in its latest quarterly results, with revenue at ₹615.00 crore. The company has declared a final dividend of ₹2.65 per share for FY2025, subject to shareholder approval.

23Jul 25

RITES and CMPDI Join Forces to Tap into Mining and Renewable Energy Potential

RITES Ltd. and Central Mine Planning & Design Institute Limited (CMPDI) have signed a Memorandum of Understanding on July 23, 2025, to collaborate on mining and renewable energy projects. The partnership aims to leverage RITES' international experience and logistics expertise with CMPDI's mining capabilities. They will jointly identify opportunities, conduct feasibility studies, and submit proposals for projects in India and abroad. The collaboration covers mining, renewable energy, and related infrastructure development.

21Jul 25

RITES Limited Sets Board Meeting for Q1 FY2025-26 Results and Interim Dividend Consideration

RITES Limited has scheduled a board meeting for August 6, 2025, to review Q1 FY2025-26 financial results and consider an interim dividend. The meeting will assess unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. A trading window closure is in effect from July 1, 2025, until 48 hours post-meeting for designated persons and their immediate relatives, in compliance with SEBI regulations.

11Jul 25

RITES Secures ₹46.82 Crore Contract for College Infrastructure in Karnataka

RITES Limited has won a ₹46.82 crore contract from the Department of Collegiate and Technical Education in Bengaluru for the construction and renovation of government first-grade colleges in Karnataka. The project, part of the PM USHA Scheme, involves building new facilities and renovating existing structures on a turnkey basis. RITES is set to complete the project within 36 months, marking its expansion into the education infrastructure sector.

02Jul 25

RITES Secures $3.6 Million International Contract for Refurbished Locomotives

RITES Ltd. has won a $3.6 million contract from African Rail Company to supply and commission two overhauled ALCO diesel-electric locomotives for use in Zimbabwe, Mozambique, and Botswana. The project includes equipment upgrades and technical support with a 9-month execution timeline. This deal marks RITES' expansion in the African market and showcases its expertise in railway solutions internationally. Following the announcement, RITES shares jumped 6% to Rs 296.00.

01Jul 25

RITES Ltd Secures International and Domestic Railway Contracts

RITES Ltd has won a $3.60 million order from African Rail Company for two overhauled Cape Gauge ALCO diesel-electric locomotives, to be delivered within nine months. Additionally, the RITES-ARYAN Joint Venture has been awarded a ₹37.81 crore contract by South Western Railway for redeveloping Tumakuru Station, with a 540-day completion timeline.

10Jun 25

RITES Ltd Secures $2.9 Million Construction Supervision Contract from Guyana

RITES Ltd has won a $2.9 million (₹25.00 crore) contract for construction supervision of the East Bank-East Coast Road Project Phase 2 extension in Guyana. The contract spans 30 months, including 18 months of construction supervision and a 12-month defects liability period. Additionally, RITES has signed an MoU with Hindustan Copper to develop a supply chain for metals and minerals, focusing on critical minerals.

09Jun 25

RITES Shares Climb on New Deal with Hindustan Copper

RITES Ltd. shares increased following the announcement of a new deal with Hindustan Copper. The stock initially surged by nearly 3% before settling at a 0.90% gain. While specific details of the deal are not disclosed, the market's reaction suggests positive investor sentiment. RITES, a Mini Ratna Public Sector Enterprise, offers comprehensive services in transport infrastructure, including design, engineering, and consultancy for various projects.

05Jun 25

RITES Ltd Shares Surge 7% on Rs 28.5 Crore Order Win from Gujarat Urban Development Co

RITES Ltd secured a Rs 28.5 crore contract from Gujarat Urban Development Co. for WSS/UGD/STP projects under Amrut 2.0 and Swarnim Jayanti Mukhya Mantri Shaheri Vikas Yojana. The company's shares rose up to 7% to a seven-month high following the announcement. The order is subject to final scrutiny and evaluation.

03Jun 25

RITES Secures Lowest Bid for Rs 28.5 Crore Gujarat Urban Infrastructure Contract

RITES Ltd has emerged as the lowest bidder for a Rs 28.50 crore urban infrastructure project in Gujarat under the AMRUT 2.0 scheme. The contract involves Third Party Inspection (TPI) services for infrastructure development. This bid win demonstrates RITES' competitive edge in offering cost-effective solutions for government-backed urban development initiatives.

14May 25

RITES Reports Mixed Q4 Results: Profit Up 3.4%, Revenue Down 4.3%, Declares ₹2.65 Per Share Dividend

RITES Ltd's Q4 FY2025 results show a 4.3% revenue decline to ₹615.00 crore, but improved profitability metrics. EBITDA increased by 5.4% to ₹185.50 crore, with EBITDA margin expanding by 564 bps to 30.16%. Net profit rose 3.4% to ₹141.00 crore. The company declared a final dividend of ₹2.65 per share for FY2025, subject to shareholder approval.

24Apr 25

RITES Secures Multiple Projects: ₹28 Crore Order from Mahanadi Coalfields and Railway Contract

RITES Limited has secured two significant orders totaling ₹56 crore. The first is a ₹28 crore contract from Mahanadi Coalfields Ltd for detailed engineering and project management consultancy services for rail connectivity at the Lakhanpur Area. The second is a ₹28 crore contract from South Central Railway for a high-speed rail corridor survey. These orders highlight RITES' expertise in coal and railway sectors, reinforcing its position in the Indian infrastructure consultancy market.

11Apr 25

RITES Ltd Forges Strategic Partnership with DP World for Trade and Infrastructure Development

RITES Ltd, an Indian public sector enterprise, has signed a Memorandum of Understanding (MoU) with Dubai-based DP World to explore opportunities in trade, logistics, and infrastructure projects. The partnership aims to combine RITES' expertise in transport infrastructure with DP World's global logistics experience. Key focus areas include trade development, logistics optimization, and infrastructure project exploration. This collaboration has the potential to enhance India's trade facilitation, logistics efficiency, and infrastructure development, potentially boosting the country's competitiveness in the global market.

09Apr 25

RITES Signs Strategic MoU with DP World for Trade and Infrastructure Development

RITES Limited signed an MoU with DP World to collaborate on trade, logistics, and infrastructure development projects. The partnership covers port development, multimodal logistics parks, free trade zones, rail connectivity, and logistics infrastructure services. The agreement was signed in the presence of high-ranking officials from both India and UAE, signaling strong governmental support. This collaboration aims to leverage RITES' infrastructure expertise and DP World's global logistics network to strengthen economic ties between India and UAE.

01Apr 25

RITES Limited Announces Termination of Major UPSBCL Contract

RITES Limited has terminated a significant contract with Uttar Pradesh State Bridge Corporation Limited (UPSBCL) for consultancy services in bridge construction supervision. The contract, secured on October 28, 2024, was mutually foreclosed due to interpretation issues of certain agreement provisions. RITES stated that the termination would not significantly impact the company as work execution had not yet begun. Despite this setback, RITES maintains strong credit ratings, with IVR AAA/Stable for long-term and IVR A1+ for short-term facilities.

07Mar 25

RITES Sets Ambitious Targets: Rs 10,000 Crore Order Book and Export Synergies by FY26

RITES Limited plans to reach a Rs 10,000 crore order book within the next few quarters, up from Rs 7,978 crore as of December 31, 2024. The company anticipates export order synergies in FY26. RITES recently secured a Rs 27.96 crore order from South Central Railway for a high-speed rail corridor survey. The company maintains a diversified portfolio with consultancy services as its primary revenue source. As a zero-debt company with a high dividend payout ratio, RITES demonstrates financial stability while facing challenges in competitive bidding and changing government priorities.

07Mar 25

RITES Ltd Projects 20% Revenue Growth for FY26, Secures Major Railway Survey Contract

RITES Ltd has been awarded a ₹27.96 crore contract by South Central Railway for a high-speed elevated rail corridor project between Hyderabad-Bengaluru and Hyderabad-Chennai. The company projects a 20% revenue growth for FY2026 and reports its highest-ever order book of ₹7,978 crore as of December 31, 2024. The contract involves final location survey, detailed project report preparation, and other crucial elements for the rail corridor, to be completed within 8 months.

06Mar 25

RITES Secures ₹27.96 Crore High-Speed Rail Survey Contract from South Central Railway

RITES Limited has been awarded a contract worth ₹27.96 crore (excluding GST) by South Central Railway for conducting Final Location Survey and preparing Detailed Project Reports for high-speed elevated rail corridors between Hyderabad-Bengaluru and Hyderabad-Chennai. The project, to be completed in 8 months, includes final alignment design, traffic survey, rate of return calculations, and EPC document preparation using advanced LIDAR technology.

20Feb 25

RITES Ltd. Forges Strategic Partnership with CWPRS for Marine Infrastructure Consultancy

RITES Ltd. signed an MoU with Central Water and Power Research Station (CWPRS) to enhance engineering consultancy services in water resources, marine infrastructure, and inland waterways. The partnership aims to combine RITES' transport infrastructure expertise with CWPRS's research capabilities, focusing on innovative solutions for marine, coastal, inland waterways, and hydropower infrastructure projects. This collaboration is expected to strengthen RITES' position in the infrastructure consultancy sector, particularly in water-related projects.