RITES Share price

The Company was incorporated as ‘Rail India Technical and Economic Services Private Limited’ on April 26 1974 as a private limited company under the Companies Act 1956 and was granted a certificate of incorporation by the then Registrar of Companies Delhi & Haryana. The word ‘private’ was deleted from the name of the Company* on February 17 1976. Thereafter the name of the Company was changed to its present name ‘RITES Limited’ on March 28 2000 pursuant to a fresh certificate of incorporation issued by the RoC National Capital Territory of Delhi and Haryana. Subsequently the Company was converted into a public limited company# pursuant to a fresh certificate of incorporation dated February 5 2008 issued by the RoC National Capital Territory of Delhi and Haryana.Major Events1975-76- Entered into a consultancy agreement for conducting techno-economic study for Syrian Railways1985-86- Development of geotechnical centre for field and laboratory investigations1994-95- Entered into an export contract for supply of diesel locomotives to Nepal Railways- Entered into a consultancy project agreement for providing services in relation to the Mass Rapid Transit System for Delhi Government1998-99- Entered into a contract with Delhi Metro – Phase I project for providing construction management and consultancy services to Delhi Metro Rail Corporation Limited2004-05- Detail design consultancy services for the 12.5 km long railway tunnel in India the Pir- Panjal railway tunnel2005-06- Granted Mini Ratna category-I status- The Company executed its first overseas contract agreement for the lease of Locomotives in Mozambique- Proposal for providing design construction supervision and post construction services for Francistown-Ramakgwebana Road project Botswana was accepted2007-08- Upgraded to Schedule ‘A’ Public Sector Enterprise2009-10- Formed a Joint Venture Company (“JVC”) with SAIL for manufacturing of wagons including high end specialized wagons for Indian Railways and other domestic andoverseas customers2012-13- Set-up a subsidiary in collaboration with Indian Railways for generation and procurement of power including through renewable energy2016-17- Entered into an agreement with Metro Express Limited for providing construction management services for the Metro Express Project in Mauritius- Entered into off-shore construction management project of metro in Mauritius- Entered into railway concessioning agreement on PPP model by forming an SPV for Bhuj-Naliya corridor- Secured highest value export order of about ?6800 million from Sri Lankan Railways for supply of locomotives and DMUs- Recorded highest ever turnover of over ?15000 million in the history of the CompanyAward/ Recognition2012-13- Received the EEPC Gold Trophy for Top Exporter in 2012-13 from EEPC India- Received the India Pride Award 2012 in “Transport” category- Received “Gold Plate Award 2011-12” from HelpAge India for contribution towards cause and care of the underprivileged and elderly- Featured in Dun & Bradstreet’s “India’s top PSUs 2012”- Received “JGBS Top Rankers Excellence - Financial Pride Award” from Jindal Global Business School2013-14- Received “Special Commendation for the Golden Peacock Award for Corporate Social Responsibility 2013” at the Golden Peacock Awards- Received “Bronze Plate Award 2012-2013” from HelpAge India for commendable contribution towards the cause and care of the under-privileged elderly persons- Received “Silver Trophy” (Top Exporter in 2013-14) from EEPC India- Received “National Award for Excellence in Cost Management-2013 (Second Award in Public Service Sector (Large) ) from the Institute of Cost Accountants of India2014-15- “BT-STAR PSU Excellence Award 2014” for outstanding performance in the non- Maharatna/ Navratna category- Special trophy in the category of Engineering Process Outsthecing Services by EEPC India at 44th Regional Awards (Northern) for Export Excellence- Received “Legend PSU of The Year” Award in the category of Transport Infrastructure Services by the News Ink National Awards2015-16- Received “Niryat Shree - Gold Trophy” in the category of Engineering and Electronics sector (non-MSME) from Federation of Indian Export Organisations- Received “National Award for Excellence in Cost Management-2015 (Second Position - Public Service Sector Medium)” from the Institute of Cost Accountants of India- Received “PSU Awards 2015” for value growth (Miniratna - I) from Governance Now2016-17- Received “India Pride Awards 2016-17” for excellence in transport from Dainik Bhaskar.- Received the “Corporate Governance & Sustainability Vision Award - 2017” by Indian Chamber of Commerce- Received “Silver Award” at QCI-DL Shah Quality Awards-2016 for the case study “IT based Inspection And Billing Systems (IBS)”- Received the Golden Peacock National Quality Awards (GPNQA) category for the year 2017