Company Profile

RITES has received a letter of acceptance (LoA) from Bangladesh Railway in connection with supply of 200 Broad Gauge (BG) Passenger Carriages to Bangladesh Railway including Drawing, Parts Catalogue, Capital & Maintenance Spares, Overseas Training, Study Tour, Service Engineers, De-processing and Commissioning etc. The said order is expected to be executed in 36 months. Broad consideration or size of the order is $111,263,998.22. 

RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.

KEC International has secured new orders of Rs. 1,036 crores across its various businesses. Transmission & Distribution (T&D) business has secured orders for T&D projects in Middle East and Americas for Setting up Overhead Transmission lines in the United Arab Emirates (UAE) and Supply of towers, hardware and poles in Americas. Railways business has secured an order for additional work in the conventional segment in India. Cables business has secured orders for supply of various types of cables in India and overseas.

SBI Life Insurance Company has reported 4.37% rise in its net profit at Rs 810.80 crore for the quarter ended March 31, 2024 as compared to Rs 776.85 crore for the same quarter in the previous year. Net premium income of the company increased by 26.23% at Rs 25,116.47 crore for Q4FY24 as compared Rs 19,896.92 crore for the corresponding quarter previous year.

Birlasoft has reported 60.54% rise in its consolidated net profit at Rs 180.08 crore for fourth quarter ended March 31, 2024 as compared to Rs 112.17 crore for the same quarter in the previous year. Total income of the company increased by 15.05% at Rs 1408.27 crore for Q4FY24 as compared Rs 1224.08 crore for the corresponding quarter previous year.

CWD has received a payment order valued at Rs 9.05 crore (plus taxes) with a potential to grow 3 to 5 fold over the next two years for the supply of Sound Boxes from a leading FinTech Service Company. The said order is expected to be completed in 12 months. 

South Indian Bank has signed a Memorandum of Understanding (MoU) with Tata Motors. The MoU is for offering convenient financing solutions to Tata Motors’ commercial vehicle customers and dealerships. South Indian Bank will offer financing across the entire commercial vehicle portfolio, and customers will benefit from the bank’s wide network and specially curated easy repayment plans.  The alliance represents a significant stride towards providing enhanced support to dealerships, fostering growth, minimising collateral requirements, lowering rate of interest and streamlining credit processing.

Rathi Steel & Power has commenced implementing Cost Optimisation Project. Almost all major equipment(s) related to the project have already been received at the site / expected to be received soon. The project involves synchronising the steel casting and rolling process. Once implemented and stabilised, the said project is expected to result in net savings of fuel and yield. It will also enhance sustainability by reducing Carbon Foot Print. The company is targeting to commence Trial Runs of the said project in the month of May 2024. The subsequent stabilisation period may take further time. There may also be some impact on production and sales volumes during the said period due to above project activities.

RITES has received a letter of acceptance (LoA) from Bangladesh Railway in connection with the supply of 200 Broad Gauge (BG) Passenger Carriages to Bangladesh Railways. The contract is valued at $111.26 million with a stipulated execution period of 36 months.

Rites is currently trading at Rs. 701.65, up by 14.90 points or 2.17% from its previous closing of Rs. 686.75 on the BSE.

The scrip opened at Rs. 704.00 and has touched a high and low of Rs. 713.30 and Rs. 700.05 respectively. So far 82113 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 826.15 on 27-Feb-2024 and a 52 week low of Rs. 365.00 on 06-Jul-2023.

Last one week high and low of the scrip stood at Rs. 713.30 and Rs. 666.05 respectively. The current market cap of the company is Rs. 16882.41 crore.

The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 15.27% and 12.53% respectively.

RITES has received a letter of acceptance (LoA) from Bangladesh Railway in connection with supply of 200 Broad Gauge (BG) Passenger Carriages to Bangladesh Railway including Drawing, Parts Catalogue, Capital & Maintenance Spares, Overseas Training, Study Tour, Service Engineers, De-processing and Commissioning etc. The said order is expected to be executed in 36 months. Broad consideration or size of the order is $111,263,998.22. 

RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.

RITES has entered into a Memorandum of Understanding (MoU) with Ultratech Cement for Project Management Consultancy Services of Rail Infra projects. Earlier, the company had signed a Memorandum of Understanding with Damodar Valley Corporation (DVC), a statutory body under the Ministry of Power, to collaborate for Project Management Consultancy for rail infra works.

RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.

Rites is currently trading at Rs. 696.95, up by 11.50 points or 1.68% from its previous closing of Rs. 685.45 on the BSE.

The scrip opened at Rs. 692.65 and has touched a high and low of Rs. 707.35 and Rs. 683.50 respectively. So far 78825 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 826.15 on 27-Feb-2024 and a 52 week low of Rs. 365.00 on 06-Jul-2023.

Last one week high and low of the scrip stood at Rs. 707.35 and Rs. 650.00 respectively. The current market cap of the company is Rs. 16792.30 crore.

The promoters holding in the company stood at 72.20%, while Institutions and Non-Institutions held 15.27% and 12.53% respectively.

RITES has entered into a Memorandum of Understanding (MoU) with Ultratech Cement for Project Management Consultancy Services of Rail Infra projects. Earlier, the company had signed a Memorandum of Understanding with Damodar Valley Corporation (DVC), a statutory body under the Ministry of Power, to collaborate for Project Management Consultancy for rail infra works.

RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.