RITES Ltd

The revised order includes the supply and commissioning of overhauled in-service Cape Gauge ALCO Diesel Electric Locomotives, which will be fitted with new Cape Gauge Bogies, traction motors, control systems and air brakes. The overhaul will take place at a nominated facility, with one-year on-site warranty support. The value of the order has been revised from $5.40 million (CIF) to $10.80 million (CIF). The order is expected to be executed within six months from the receipt of advance payment for the additional work. According to an exchange filing dated October 7, 2024, the original order from Ntokoto Rail Holdings Pty, valued at USD 5.40 million (CIF), has now been increased to USD 10.80 million (CIF). The official announcement was made on 17 March 2025, after market hours. RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31st December 2024, the Government of India held a 72.20% stake in the company. The company's consolidated net profit declined 16.7% to Rs 100.09 crore in Q3 FY25 as compared with Rs 120.14 crore in Q3 FY24. Net sales declined 15.7% to Rs 575.76 crore during the quarter. Powered by Capital Market - Live

The LoA includes carrying out final location survey, which involves preparing the detailed project report (DPR), final alignment design, traffic survey report, rate of return (ROR) calculations, detailed estimates, and the preparation of EPC documents for the High-Speed Elevated Rail Corridor between Hyderabad-Bengaluru and Hyderabad-Chennai, using modern survey techniques such as Airborne and Terrestrial LIDAR. The value of the order is Rs 27.96 crore, and it is scheduled to be completed within eight months. The official announcement was made on Thursday, 06 March 2025, after market hours. RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31st December 2024, the Government of India held a 72.20% stake in the company. The company's consolidated net profit declined 16.7% to Rs 100.09 crore in Q3 FY25 as compared with Rs 120.14 crore in Q3 FY24. Net sales declined 15.7% to Rs 575.76 crore during the quarter. Powered by Capital Market - Live

RITES has received Letter of Acceptance for 'Carrying out Final Location Survey involving Preparation of DPR, Final Alignment Design, Traffic Survey Report, ROR calculations, Detailed Estimate and Preparation of EPC documents for High Speed Elevated Rail Corridor between Hyderabad- Benguluru and Hyderabad-Chennai using Modern Survey Techniques e.g. Airborne or Terrestrial LIDAR from South Central Railway and formal agreement shall be executed in due course. The value of the order is Rs 27.96 crore. Powered by Capital Market - Live

As per the terms of the contract, the company would prepare feasibility study report (FSR), detailed project report (DPR), undertake detail engineering (DE), and provide project management on a turnkey depositary mode on a cost-plus-fees basis. The above services pertain to the construction and commissioning of railway siding at Machhakata coal Mine and adjacent New Patrapara South coal Mine. RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31st December 2024, the Government of India held a 72.20% stake in the company. The company's consolidated net profit declined 16.7% to Rs 100.09 crore in Q3 FY25 as compared with Rs 120.14 crore in Q3 FY24. Net sales declined 15.7% to Rs 575.76 crore during the quarter. The scrip fell 1.84% to currently trade at Rs 202.95 on the BSE. Powered by Capital Market - Live

Neyveli Uttar Pradesh Power (NUPPL) a joint venture of Neyveli Lignite Corporation India (Govt. of India Enterprise) and Uttar Pradesh Rajya Vidyut Utpadan Nigam (Government of Uttar Pradesh Enterprise). The contract is for undertaking comprehensive operation & maintenance of NUPPL/GTPP railway siding. The tenor of the project is five years. RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31st December 2024, the Government of India held a 72.20% stake in the company. The company's consolidated net profit declined 16.7% to Rs 100.09 crore in Q3 FY25 as compared with Rs 120.14 crore in Q3 FY24. Net sales declined 15.7% to Rs 575.76 crore during the quarter. The scrip slipped 2.15% to currently trade at Rs 209.20 on the BSE. Powered by Capital Market - Live

RITES has entered into Memorandum of Understanding (MoU) with Neyveli Uttar Pradesh Power (NUPPL) for 'Comprehensive Operation & Maintenance of NUPPL/GTPP Railway Siding' for a period of five years. The value of the contract is Rs 120.13 crore. Powered by Capital Market - Live

C-DAC, a scientific society of the Ministry of Electronics and Information Technology (MeitY). Under this MoU, both parties will explore opportunities for collaboration in areas such as e-Governance, cybersecurity & cyber forensic, cloud computing, big data analytics, free and open source software and solutions, IoT, Artificial Intelligence and Machine Learning, education and training, research and development in cutting-edge technologies relevant to various consultancy assignments. As an initial step, the said companies will collaborate on developing the 'MAITRI' platform, enabling digitalisation of trade information for the seamless movement of cargo between Indian and Middle East ports as part of the first phase of international Virtual Trade Corridor. RITES, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 31st December 2024, the Government of India held a 72.20% stake in the company. The company's consolidated net profit declined 16.7% to Rs 100.09 crore in Q3 FY25 as compared with Rs 120.14 crore in Q3 FY24. Net sales declined 15.7% to Rs 575.76 crore during the quarter. The counter shed 0.80% to end at Rs 218.25 on Wednesday, 12 February 2025.Powered by Capital Market - Live

Net profit of Rites declined 16.69% to Rs 100.09 crore in the quarter ended December 2024 as against Rs 120.14 crore during the previous quarter ended December 2023. Sales declined 15.69% to Rs 575.76 crore in the quarter ended December 2024 as against Rs 682.89 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales575.76682.89 -16 OPM %20.3824.73 - PBDT159.99185.80 -14 PBT144.01170.84 -16 NP100.09120.14 -17 Powered by Capital Market - Live

Rites has fixed 01 February 2025 as record date for payment of third interim dividend for FY 2024-25. Powered by Capital Market - Live

RITES announced that the Board of Directors of the Company at its meeting held on 28 January 2025, has recommended a Third Interim dividend of Rs.1.90 per share (i.e.19%), subject to the approval of the shareholders.Powered by Capital Market - Live