RITES Limited
Established in 1974, RITES Limited is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).
What RITES files
- Others78
- Updates44
- New Orders43
- Investor Meet36
- Dividend/Bonus19
- Important14
RITES' CMD, Shri Rahul Mithal, has received an extension of his tenure from the Ministry of Railways. His appointment is now approved until his superannuation, ensuring leadership continuity for the company.
RITES received fines of ₹94,400 each from stock exchanges due to board composition issues, specifically lacking a woman director. The Board stated appointments are by the Ministry of Railways, not the company, urging them to expedite.
RITES' Board has approved the financial results for the quarter. Consolidated Revenue from Operations rose to ₹489.74 Cr (vs ₹485.76 Cr YoY), with Profit After Tax increasing to ₹90.89 Cr (vs ₹90.44 Cr YoY). This reflects a stable performance. The company also declared a first interim dividend of ₹1.30 per...
RITES has partnered with Shree Cement to develop rail infrastructure and related services, aiming to enhance Shree Cement’s logistics efficiency. This collaboration leverages RITES’ rail expertise and could drive consistent order inflows and revenue growth from infrastructure projects.
RITES has announced a board meeting to consider the financial results for the quarter and half-year. The company has strengthened its insider trading controls with stricter trading windows, mandatory pre-clearance for trades above Rs. 10 lakh, and enhanced disclosure requirements. These governance improvements aim to reduce insider trading risks and...