RITES order book up by 27.5% in FY 19 at Rs 6,142 crore

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RITES Ltd said on Friday it secured more than 300 projects during 2018-19, taking its order book to Rs 6,142 crore from Rs 4,818 crore in the previous year. This will generate operational revenue in the next 1-3 years, Chairman and Managing Director Rajeev Mehrotra said.

More Information:

  • He said in a statement,”Growing infrastructure investments in domestic and certain overseas markets will enable us to maintain order book growth in the coming years too.”
  • Recently, RITES secured the work for providing project management consultancy to Indian Railways Station Development Corporation (IRSDC) at a fee of Rs 81.2 crore.
  • It also secured number of orders above Rs 10 crore which aggregate to Rs 137 crore in consultancy and leasing segment in the fourth quarter of FY 19.
  • The total order book of consultancy and leasing segment stands at Rs 2,320 crore and Rs 152 crore respectively.
  • The public sector mini-ratna enterprise secured a turnkey order for modernisation of a workshop from Northern Railway of Rs 853 crore.
  • A consultancy project of High-Speed Rail Corporation of India Ltd has been converted to turnkey valuing at Rs 569 crore.
  • At the same time, RITES export order book stands at Rs 1,086 crore.
  • With experience spanning over 44 years, RITES has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East regions.

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