Rail India Technical and Economic Service (RITES) Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of Rail India Technical and Economic Service (RITES)?

RITES is an engineering and consulting firm that offers various services for transport infrastructure, from the initial idea to the final setup. The company provides third-party inspections, quality checks, construction oversight, and project management support. They also handle operations and maintenance, leasing, exporting rolling stock, modernizing railway workshops, and managing projects for doubling tracks and electrification. Let's explore their offerings in detail:

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1- Railway Infrastructure Services: RITES helps build, fix, and update railway infrastructure, such as tracks, bridges, tunnels, stations, and yards.

2- Railway Rolling Stock Services: RITES is skilled at designing, buying, and maintaining trains, such as locomotives, passenger cars, freight cars, and subway cars. They also help with getting, renting, and maintaining trains.

3- Urban Transport Services: They help with planning and managing urban transport systems, such as metro rail, light rail transit, monorail, bus rapid transit, and other public transportation modes. They also do feasibility studies, planning, design, and implementation of these projects.

4- Highway and Bridge Engineering: RITES helps plan, design, and supervise highways, expressways, bridges, and tunnels. They are experts in road safety, traffic management, and transportation planning.

5- Airport Infrastructure Services: The company helps plan, design, and develop airport infrastructure, such as runways, taxiways, terminals, and other facilities. It is an expert in airport planning, air traffic control, and aviation safety.

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6- Port and Waterways Services: RITES helps plan and improve ports, waterways, and coastal shipping. They offer services like port planning, dredging, navigation aids, and marine transportation systems.

7- Energy and Power Sector Services: RITES helps build energy and power infrastructure, such as power plants, renewable energy projects, and power lines. They are experts in saving energy, using renewable energy, and planning power systems.

8- Environmental and Social Impact Assessment: RITES evaluates the environmental and social impacts of infrastructure projects and suggests ways to reduce them. It also ensures that the projects follow environmental rules and sustainability standards.

9- Project Management Consultancy (PMC): RITES provides project management services to help clients with infrastructure projects. They help plan, execute, and monitor projects to ensure they are completed on time and within budget.

Question 2: Who are the promoters of Rail India Technical and Economic Service?

It is a government of India enterprise. RITES has a 72.20% promoter holding & 27.80% public holding. Rahul Mithal is the Chairman and Managing Director of the company. He is also the Chairman of REMC Ltd., a company subsidiary. 

Mr. Mithal is from the Indian Railway Service of Mechanical Engineers 1985 Batch. He also pursued MBA in Finance from Jamnalal Bajaj Institute of Management Studies, Mumbai. He is a Fellow of the Institution of Mechanical Engineers (UK) and a Chartered Engineer, registered with the Engineering Council (UK). 

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