RITES Ltd

The MoU aims to foster mutual collaboration by exploring joint opportunities in infrastructure development, including ports, multimodal logistics parks, free trade zones, rail connectivity projects, and logistics infrastructure services. DP World is a multinational logistics company based in Dubai, United Arab Emirates. It specializes in cargo logistics, port terminal operations, maritime services, and free trade zones. 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 MoU aims to foster mutual collaboration by exploring joint opportunities in infrastructure development, including ports, multimodal logistics parks, free trade zones, rail connectivity projects, and logistics infrastructure services. DP World is a multinational logistics company based in Dubai, United Arab Emirates. It specializes in cargo logistics, port terminal operations, maritime services, and free trade zones. 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. Shares of Rites declined 1.21% to Rs 215.60 on Wednesday, 9 April 2025. The Indian stock market is closed today in observance of Shri Mahavir Jayanti.Powered by Capital Market - Live

The order from Oil India, valued at Rs 157.25 crore, involves the construction of a workmen housing complex (BQ Area) at OIL, Duliajan, Assam on a turnkey basis under the Depository Works Mode. The project is scheduled to be executed within 36 months. In addition, Rites secured an order worth Rs 155.50 crore from Numaligarh Refinery for the construction of railway sidings at NRL Panchgram Terminal, the 3rd Railway Spur at Rangapani (SMT), and the Duliajan Crude Oil TW Loading Railway Siding. This project will be executed on a turnkey cost-plus basis and is set to be completed within 24 months from the date of site handover. The company clarified that both contracts do not involve related party transactions, and neither the promoters, promoter group, nor any group companies have any interest in the awarding entities. The official announcement was made on Saturday, 29 March 2025. 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 order from Oil India, valued at Rs 157.25 crore, involves the construction of a workmen housing complex (BQ Area) at OIL, Duliajan, Assam on a turnkey basis under the Depository Works Mode. The project is scheduled to be executed within 36 months. In addition, Rites secured an order worth Rs 155.50 crore from Numaligarh Refinery for the construction of railway sidings at NRL Panchgram Terminal, the 3rd Railway Spur at Rangapani (SMT), and the Duliajan Crude Oil TW Loading Railway Siding. This project will be executed on a turnkey cost-plus basis and is set to be completed within 24 months from the date of site handover. The company clarified that both contracts do not involve related party transactions, and neither the promoters, promoter group, nor any group companies have any interest in the awarding entities. The official announcement was made on Saturday, 29 March 2025. 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 declined 3.25% to end at Rs 223.45 on Friday, 28 March 2025. The stock market will remain shut today in observance of Eid-ul-Fitr. Powered by Capital Market - Live

Rites has received Letter of Award from Numaligarh Refinery for 'Railway Sidings at NRL Panchgram Terminal, 3rd Railway Spur at Rangapani (SMT) and Duliajan (Crude Oil TW Loading Railway Siding) of OIL' on turnkey on cost plus mode subject to detailed engineering approval from Railways. The value of the work order is Rs 155.50 crore and is expected to be completed within 24 months. Powered by Capital Market - Live

Rites has received Letter of Award from Oil India for 'Construction of Workmen Housing Complex (BQ Area) at OIL, Duliajan on Turnkey Basis under Depository Works Mode'. The value of the work order is Rs 157.25 crore and is expected to be completed within 36 months. Powered by Capital Market - Live

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