RITES Limited (RITES.BO)
RITES Limited operates in the Engineering & Construction industry of the Industrials sector, headquartered in Gurugram, HA, IN. The stock last traded at $221.20, down 1.47% on the session, giving a market capitalisation of $106.42B. Its beta of 0.26 implies it has historically moved less than the broad market.
Established in 1974 and based in Gurugram, India, RITES Limited, along with its subsidiaries, functions as a comprehensive consultancy, engineering, and project management firm. It offers a broad spectrum of services across various infrastructure domains, including railways, highways, airports, ports, ropeways, urban transport, inland waterways, and renewable energy. The company's operations are divided into four main segments: providing expert consultancy services, leasing railway rolling stock and associated equipment, exporting rolling stock, equipment, and spare parts, and executing turnkey construction projects. Its extensive service portfolio covers everything from initial surveys and feasibility studies to detailed design and engineering, project management oversight, technical auditing, third-party inspection, quality assurance, and construction supervision. RITES is also involved in the leasing and export of locomotives and rolling stock, as well as the development and maintenance of operational facilities such as smart yards and depots for coaching and freight. Furthermore, RITES undertakes large-scale construction on a turnkey basis, encompassing projects like railway workshops, track expansion (doubling, tripling, quadrupling), new railway line construction, railway electrification, station redevelopment, institutional buildings, and renewable energy installations (wind, solar). The company also handles general civil construction and generates power from its wind and solar plants. Specialized services provided by RITES include engineering for road/railway tunnels, urban infrastructure, electrical systems, information technology solutions, privatization and concession project advisory, rolling stock design, railway equipment solutions, signaling and telecommunications, various survey types, and professional training programs. RITES serves a diverse client base, including central and state governments, public sector undertakings, large corporations, and private enterprises across India, Asia, and Africa.
RITES Limited is most often compared with the following Industrials names: