Rites Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

The partnership aims at finding novel infrastructure solutions for upgradation, renovation and development of rail connectivity for power plants and surrounding areas. As part of this collaboration, RITES will be working closely with DVC for development of rail infrastructure facilities and associated civil, structural, S&T, OHE works.

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 31 December 2023, the Government of India held 72.20% stake in the company.

The company’s consolidated net profit declined 14.24% YoY to Rs 120.14 crore in Q3 FY24. Revenue from operations rose marginally to Rs 682.89 crore in the quarter ended 31 December 2023 from Rs 677.34 crore posted in Q3 FY23.

The scrip rose 0.58% to end at Rs 674.25 on Wednesday, 24 April 2024.

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The project involves replacement of mechanical signaling at 11 stations and replacement of signaling gears on age cum condition basis with EI at Delhi Kisanganj Station of Delhi Division of Northern Railway.

The company has secured the additional scope under existing order for Rs 33.25 crore including project management consultancy, on turnkey basis.

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 31 December 2023, the Government of India held 72.20% stake in the company.

The company’s consolidated net profit declined 14.24% YoY to Rs 120.14 crore in Q3 FY24. Revenue from operations rose marginally to Rs 682.89 crore in the quarter ended 31 December 2023 from Rs 677.34 crore posted in Q3 FY23.

Shares of Rites settled 0.23% higher at Rs 664.30 on Thursday, 28 March 2024. The domestic market is closed today on account of Good Friday.

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According to the contract, RITES will act as a quality assurance agency for the quality inspection of 18 trades of toolkits under PM Vishwakarma Scheme. The consideration of the contract is Rs 67.50 crore.

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 31 December 2023, the Government of India held 72.20% stake in the company.

The company’s consolidated net profit declined 14.24% YoY to Rs 120.14 crore in Q3 FY24. Revenue from operations rose marginally to Rs 682.89 crore in the quarter ended 31 December 2023 from Rs 677.34 crore posted in Q3 FY23.

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Rites that The National Small Industries Corporation has given the Letter of Acceptance for engagement of the company as Quality Assurance Agency for quality inspection of 18 trades of Toolkits under PM Vishwakarma Scheme. The contract is valued at Rs 67.50 crore.

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