Rail India Technical and Economic Service explained
RITES |
Former Name: | Rail India Technical and Economic Service |
Type: | Public |
Traded As: |
|
Location City: | Sector-29, Gurgaon, Haryana |
Location Country: | India |
Area Served: | Worldwide |
Industry: | Infrastructure |
Services: | Consulting |
Revenue: | (2020) |
Operating Income: | (2020) |
Profit: | (2020) |
Assets: | (2020) |
Equity: | (2020) |
Owner: | Government of India (72.20%) |
Num Employees: | 2800 (March 2022) |
Footnotes: | [1] |
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]
As of 2011, it has executed projects in over 62 countries.[3]
The company got listed on both NSE and BSE on July 2018.[4] [5]
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[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
External links
Notes and References
- https://rites.com/upload/misc/Balancesheet/OUTCOME_OF_BOARD_MEETING-Qtr-Result310320.pdf "Balance Sheet 31.03.2020"
- Web site: RITES Limited(RITES),Profile, Latest News, Press Release, MOU, CSR. 2020-12-08. www.psuconnect.in.
- Web site: Home Page. RITES, Limited. 2011-08-12.
- Web site: Rites IPO Review – Rites IPO Dates, Issue Price, Subscription and Allotment Status – The Economic Times. economictimes.indiatimes.com. 2020-01-04.
- News: RITES gains 6% to Rs 295 on bonus issue plan announcement. Reporter. S. I.. 2019-06-14. Business Standard India. 2020-01-04.
- News: 4 January 1982 . Growing Indo-Algerian Inter-Governmental Cooperation . 15 January 2024 . External Publicity Division, Ministry of External Affairs . Press Information Bureau.
- Web site: RITES: List of completed projects . 15 March 2012 . 4 March 2016 . https://web.archive.org/web/20160304072119/http://www.rites.com/web/index.php?option=com_projects§ionid=1004&sbu=93&date=1&task=details . dead.
- "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.
- News: 27 September 2021 . Bangladesh Railway signs contract with JV of RITES-Aarvee for Bogura-Sirajganj dual gauge railway line . 15 January 2024 . Daily Sun.
- Book: Bullock, Richard . Off Track: Sub-Saharan African Railways . Office of the Publisher, World Bank . Washington D.C. . November 2009 . 44 . Institutional arrangements . 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.
- Book: Regional Rail Systems Support Project: Swaziland Component . October 1994 . USAID . 21 . 15 January 2024.
- Book: Jovanovic . D. . Ethiopia: Transport Corridor Analysis, Operational Improvements and Investment Options . Holt . J. . 12 June 1987 . Office of the Publisher, World Bank . 1 . 7, 75 . 15 January 2024.
- Book: Rajya Sabha Official Debates . 2 August 1989 . Rajya Sabha Secretariat . New Delhi . 96–97 . Contract secured by RITES.
- Web site: REVIVING JAMAICA'S DORMANT RAILWAY. dead. https://web.archive.org/web/20120403203800/http://www.railwaysafrica.com/blog/2010/12/reviving-jamaica%E2%80%99s-dormant-railway/. 2012-04-03. 2010-12-19. Railways Africa.
- Book: Kiruthu . Felix . https://books.google.com/books?id=7k6-0-6m-m8C&pg=PA295 . The Political Economy of Development and Underdevelopment in Africa . Kinyanjui . Mary . Muchoki . Francis . Routledge . 9781136683800 . Falola . Toyin . New York . 7 June 2013 . 295 . The New Scramble for Africa? Indo-Kenyan Economic Relations, 1980-2010 . In Kenya, RITES has been involved in several projects including the operations of the Rift Valley Railway, which runs Kenya’s railway line. . Achberger . Jessica.
- Book: Dubey . Ajay Kumar . https://books.google.com/books?id=uwyVCgAAQBAJ&pg=PA72 . India and Africa's Partnership: A Vision for a New Future . Biswas . Aparajita . Springer . 9788132226192 . 21 September 2015 . 72 . India's Pursuit of Investment Opportunities in Africa.
- Book: Annual Report, 2004-2005 . Joint Secretary, Policy Planning and Research Division, Ministry of External Affairs . 2005 . New Delhi . 67 . Africa (South of Sahara) . 15 January 2024.
- Book: Regional Rail Systems Support Project Paper: Mozambique Component . USAID . 1988 . 15 January 2024.
- Book: Look East Policy and India's North East: Polemics & Perspectives . Concept Publishing Company . 2009 . 9788180694486 . Singh . Thingnam Kishan . New Delhi . 164, 192 . 16 January 2024.
- Book: Wapmuk, Sharkdam . https://books.google.com/books?id=dWM9EAAAQBAJ&pg=PA118 . Nigeria-India Relations in a Changing World . Lexington Books . 2021 . 9781793644541 . 118 . Perspectives on Technical and Consultancy Cooperation, Joint Ventures, and Indian Companies in Nigeria . 8 March 2023.
- Book: Annual Report, 1978-79 . Joint Secretary, Policy Planning and Research Division, Ministry of External Affairs . 1979 . New Delhi . 51 . Technical and Economic Cooperation . 8 March 2023 . https://mealib.nic.in/?2507?000#9.
- News: Kumar . K. P. Narayana . 7 August 2010 . RITES: The Torchbearer for India's Strategic Interests . 16 January 2024 . Forbes India.
- News: Guha . Rajat . Narayan . Subhash . 19 October 2007 . RITES buys 51% stake in Tanzania Railways . 15 January 2024 . The Economic Times.
- Book: Thompson, Louis S. . The Africa Infrastructure Investment Report 2013 . Commonwealth Business Communications Ltd. . 2013 . 9780957043268 . London . 133 . Railway infrastructure in Sub-Saharan Africa . 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 . . 41 . 1 . 71 . 10.1177/097492848504100110 . 152320268 . 15 January 2024 . SAGE Journals.
- Book: Annual Report & Accounts 2010-11 . Ministry of Railways . 2011 . New Delhi . 86 . Undertakings and other Organisations . 16 January 2024.
- Web site: Bihar nod to preparing DPR for Patna metro rail. IANS. 11 June 2013. Business Standard.
- Web site: News18.com: CNN-News18 Breaking News India, Latest News, Current News Headlines. https://web.archive.org/web/20130616045714/http://ibnlive.in.com/news/bihar-government-okays-proposal-on-dpr-preparation-for-metro-rail/398030-3-232.html. dead. 2013-06-16. News18.
- Book: Detailed project report – Mumbai metro line 3 – Colaba-Bandra-Seepz (533 pages) . 1 November 2011 . Mumbai metro raiul corporation limited / RITES (GOI) . Mumbai . 27 August 2018.