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

RITES will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live

The frontline indices traded with modest losses in morning trade. The Nifty traded below the 24,100 level after hitting the day's high of 24,196.45 in early trade. IT shares declined after advancing in past two consecutive trading sessions. At 10:28 IST, the barometer index, the S&P BSE Sensex declined 470.66 points or 0.59% to 79,470.61. The Nifty 50 index slipped 131.65 points or 0.54% to 24,057. In the broader market, the S&P BSE Mid-Cap index rose 0.16% and the S&P BSE Small-Cap index gained 0.57%. The market breadth was strong. On the BSE, 2,264 shares rose and 1,342 shares fell. A total of 168 shares were unchanged. Buzzing Index: The Nifty IT index fell 0.98% to 43,918.85. The index rallied 2.11% in past two consecutive trading sessions. Tech Mahindra (down 1.68%), Wipro (down 1.55%), Tata Consultancy Services (down 1.34%), Infosys (down 1.26%), Coforge (down 0.82%), Mphasis (down 0.78%), HCL Technologies (down 0.56%), Persistent Systems (down 0.50%) and LTIMindtree (down 0.24%) advanced. Stocks in Spotlight: Capital Small Finance Bank rose 0.41%. The bank's gross advances jumped by 19.20% to Rs 6,816 crore as on 31 December 2024 as against Rs 5,718 crore recorded as on 31 December 2023. Adani Ports and Special Economic Zone shed 0.36%. The company stated that during December 2024, the company had handled 38.4 MMT of total cargo, which is higher by 8% on a year-on-year (YoY) basis. Powered by Capital Market - Live

The order includes R3Y/ R6Y repair of WDS6 Locomotives (43 Nos.) for a period of 3 years. The said order will be executed in 3 years. Meanwhile, the company's subsidiary, REMC has signed a memorandum of understanding (MoU) with Indian Railway Finance Corporation (IRFC), a financing arm of Indian Railways, to explore options for financing power projects for supply to the Railways. Under this MoU, both parties will explore opportunities for collaboration across domains, including Transaction Advisory, Project Management services, DPR reviews, and consultancy or advisory services related to financing power projects with backward and forward linkages to the Railways, excluding those awarded by REMC. The MoU also facilitates the financing of thermal, nuclear, and renewable power projects established under the captive model through joint ventures between Indian Railways and other entities. Leveraging each other's expertise and manpower as needed, REMC and IRFC will capitalize on their complementary strengths to ensure smooth project execution. 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 30 September 2024, the Government of India held a 72.20% stake in the company. The company's consolidated net profit declined 27.84% to Rs 72.98 crore while revenue from operations fell 7.12% to Rs 540.86 crore in Q2 FY25 over Q2 FY24. The counter fell 0.78% to end at Rs 292.95 on Thursday, 2 January 2025.Powered by Capital Market - Live

RITES has received work order from Steel Authority of India - Bhilai Steel Plant for R3Y/ R6Y Repair of WDS6 Locomotives (43 Nos.) for a period of 3 years. The value of the contract is Rs 69.78 crore. Powered by Capital Market - Live

Rites announced that subsequent to emerging as top scorer (H-1 bidder) based on QCBS evaluation for provision of Engineering Services for Design- Build-Finance: Upgrading of the Palmyra to Moleson Creek Highway- Lot 1-3 from Ministry of Public Works, Government of the Co-operative Republic of Guyana', the company has now received notification of Intention to Award from Ministry of Public Works, Government of the Co-operative Republic of Guyana. The size of the project is USD 9,713,470/- excluding taxes. Powered by Capital Market - Live

The civil construction company announced that it has emerged as the top scorer (H-1 bidder) based on QCBS evaluation for provision of engineering services for design- build-finance upgrading of Palmyra to Moleson Creek Highway- Lot 1-3. The project consideration is $9,713,470, excluding taxes. The project is to be executed over a period of 60 months, including 36 months for the pre-construction and construction period and 24 months for the post-construction period (defect liability period). 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 30 September 2024, the Government of India held a 72.20% stake in the company. The company's consolidated net profit declined 27.84% to Rs 72.98 crore while revenue from operations fell 7.12% to Rs 540.86 crore in Q2 FY25 over Q2 FY24. Shares of RITES rose 0.14% to currently trade at Rs 292.15 on the BSE. Powered by Capital Market - Live