News

Broad consideration or size of the order(s)/ contract(s) is $9,713,470 excluding taxes

Broad consideration or size of the order(s)/contract(s) is $4.28 million

Total consolidated income of the company decreased by 0.50% at Rs 699.85 crore for Q3FY24

The company has secured order from African Rail Company for supply of 2 fully overhauled ALCO locomotives

MoU aims to explore options for financing power projects for supply to the Railways

The said order is to be executed in 3 years

The estimated value of the bid is Rs 28.50 crore excluding GST

The Technical Support Unit of RITES will assist SBM-U for a period of 3 years

Through this MoU, both organizations will combine their strengths to identify, secure, and execute metro projects in India and abroad

The estimated order value is around $111,003,177

The partnership aims at finding novel infrastructure solutions for the transportation and storage of green hydrogen and green ammonia

The said order is to be executed in 23 months

The partnership will focus on exploration, extraction, refining, and production activities in India and overseas, leveraging the technical and financial strengths of both organisations

Total consolidated income of the company decreased by 7.67% at Rs 562.13 crore for Q2FY25

The share of RITES in the order is 45%

The collaboration is set to improve logistics infrastructure within Meghalaya and enhance trade and transport opportunities, fostering economic development and easing access to the region

The contract is to be executed within 8 months

Both entities will also collaborate and explore AI applications in the fields such as rolling stock maintenance, inspection, maintenance of bridges, office management, and airports etc

As part of the MoU, RITES will undertake an extensive study, review the existing system and prepare a suitable/feasible design to develop Duliajan Township

The MoU also facilitates RITES to offer its services for the operation and maintenance of the railway network and sidings

Broad consideration or size of the order is $5.40 Million (CIF)

Broad consideration or size of the order is $9,713,470 excluding taxes

The company in Joint Venture with DMRC and Poran Shrem Engineering and Appraisal, a local company of Israel have incorporated a Joint Venture Company

MoU aims to explore cooperation and synergise strengths in developing railways and related infrastructure services in the UAE and wider region

MoU aims to explore potential opportunities for collaboration in the development of trade, logistics, and infrastructure projects

The MoU is for setting up a ‘Ropeway Centre of Excellence’

The contract has 18 months of construction supervision and 12 months of the defects liability period

MoU is for mutual assistance and cooperation to strengthen and develop a sustainable future by ‘Transforming to Green’

Earlier in March 2023, the company had secured order with JV partner, for a Project Management Consultancy work

The said order is expected to be completed in 36 months from the date of agreement

The pact has been signed for the supply of ten diesel locomotives

The company has received an additional work from Ministry of Railways

The likely cost of works for major projects in the aforementioned regions comes around Rs 11209 crore

MoU aims to collaborate on IT solutions for consultancy assignments

With this partnership, the parties will devise smart, intelligent IT solutions for railway operations, apart from modernizing existing technology and telecommunication in the sector

The share of the company in the order is 51%

As part of the MoU, RITES and CFM Angola will collaborate in areas such as supply of Rolling Stock, Railway Infrastructure Projects and more

The company opened a Branch Office to tap on the varied business opportunities available in Guyana

The project is expected to be completed within a period of 59 months, including the defect liability period

MoU aims to explore joint ventures and collaborations in key areas of trade and logistics

Broad consideration or size of the order is Rs 120.13 crore excluding GST and escalation

HDFC Mutual Fund has sold 31,18,101 shares on NSE and 19,25,000 shares on BSE

The said order is to be executed in 36 months from concept to commissioning

The Contract Agreements are subject to approval of funding by funding agency

The order is for operation and maintenance of shunting locomotives for period of 10 years

The said order is expected to be executed in 5 years

Earlier, the company had received work of Rs 65 crore from Ministry of Railways

The Broad consideration or size of the order is to Rs 67.50 crore plus GST as applicable

The value of order has been revised from $5.40 million (CIF) to $10.80 million (CIF)

This collaboration entails works related to engineering consultancy services, and research & development projects in water resources, marine, and inland waterways infrastructure

The MoU with IIT-Bhubaneswar will be executed with mutually agreed terms & conditions

The office has been built in line with RITES’ vision to continuously establish its presence in proximity to its projects

Under this MoU, the company will provide QA services, while NISE will contribute through research, training, and technological support

Broad consideration or size of the order is Rs 53.5 crore excluding GST

The companies have signed MoU for Rail Infrastructure facilities

Broad consideration or size of the order is Rs 453.99 crore excluding GST

This MoA marks a strategic collaboration aimed at developing, upgrading, and creating rail connectivity for NMDC’s mines and related facilities across locations

The estimated value of the bid is around Rs 500 crore

The likely cost of work for the consultancy project comes around Rs 122 crore

The order is for detailed engineering & project management consultancy services

The order is to be executed within 60 months

The company has reported a standalone net profit of Rs 129.88 crore for the quarter ended March 31, 2022

The company will provide expertise for Pre-Feasibility Reports, Detailed Project Reports, Transaction Advisory, Project Management services, Audits, and Inspection

The company will be providing assistance to IRFC in ascertaining the technical and financial viability of the projects, providing advisory and consultancy services

Earlier, the company had received LoA from The National Small Industries Corporation

RITES will provide expertise in design, marketing, operations & maintenance, and support for tapping domestic and international markets

The estimated value of the bid is around Rs 87.58 crore including GST

The order is to be executed within 5 years from the effective date i.e. November 1, 2024

Total consolidated income of the company decreased by 11.63% at Rs 562.63 crore for Q1FY24

The company has received the LoA on October 28, 2024 from U.P. State Bridge Corporation

The company has entered into MoU for development of Rail Infrastructure and allied services

RITES will provide comprehensive services, including surveying, engineering, project monitoring, supervision and quality control

They will jointly develop a ‘go-to’ market strategy to work proactively and bring in best practices by leveraging each other’s strengths to optimise operations

As part of the MoU, both entities will work as partners to provide consultancy for transport and infrastructure projects in various sectors

The said order is expected to be executed within 36 months

The order is to be executed within 24 months

Total consolidated income of the company decreased by 11.03% at Rs 608.81 crore for Q2FY24