Latest news with #Rites
Business Standard
06-08-2025
- Business
- Business Standard
Rites consolidated net profit rises 1.37% in the June 2025 quarter
Sales rise 0.82% to Rs 489.74 croreNet profit of Rites rose 1.37% to Rs 80.10 crore in the quarter ended June 2025 as against Rs 79.02 crore during the previous quarter ended June 2024. Sales rose 0.82% to Rs 489.74 crore in the quarter ended June 2025 as against Rs 485.76 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 1 OPM %23.3121.78 -PBDT137.08129.39 6 PBT121.59114.98 6 NP80.1079.02 1 Powered by Capital Market - Live News
Business Standard
04-08-2025
- Business
- Business Standard
Rites inks MoU with iSky Transport Systems to explore urban mobility solutions
Rites has signed memorandum of understanding (MoU) with Bengaluru-based iSky Transport Systems to explore, container logistics and material handling solutions across India. Bengaluru-based iSky Transport Systems, renowned for its innovative Suspended String Rail Technology (SSRT) and sustainable urban transit solutions, has entered into strategic partnership to explore and implement transformative infrastructure projects, with a focus on futuristic urban mobility, container logistics, and material handling solutions across India. Under the MoU, both parties will work together to combine RITESs infrastructure expertise with iSky Transports execution capabilities and technological innovation to deliver sustainable transport technologies. The partnership will leverage RITESs vast experience in infrastructure consultancy and project execution, along with iSkyTransports Suspended String Rail Technology (SSRT) and its innovation-led approach to urban mobility. This alliance reflects a shared vision to contribute significantly to Indias infrastructure development, particularly in the areas of smart cities and multimodal connectivity. 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 March 2025, the Government of India held a 72.20% stake in the company. The company's consolidated net profit rose 5.24% to Rs 132.71 crore despite a 4.32% decline in revenue to Rs 615.43 crore in Q4 FY25 as compared with Q4 FY24. The scrip fell 2.22% to end at Rs 251.10 on Friday, 1 August 2025.
Time of India
13-07-2025
- Automotive
- Time of India
UT Chokes In Dust Chamber
Chandigarh: In a city where the burgeoning number of private vehicles has exceeded the total population, air is bound to be heavy with toxic fumes. For Chandigarh, the tag of "city with the highest density of vehicle ownership in the country" has come at a high price – severe traffic congestion, vehicle exhaust pumping poisonous fumes into the air, and heavy traffic sending clouds of dust floating up. A recent research report reveals that roadside dust is the main contributor to the poor air quality. During the latest meeting of the Chandigarh steering committee under the National Clean Air Programme (NCAP), the UT chief secretary was informed about a survey conducted by the Chandigarh Pollution Control Committee (CPCC). The survey found that one of the major source of PM 10 is soil exposed to pollutants. It was also highlighted that source apportionment studies carried out by many states, and preliminary findings of such study carried out in Chandigarh by IIT Kanpur and Ropar, concluded that roadside dust is the main contributor to the poor air quality. Saurabh Kumar, chief conservator of forests (CCF) and director, environment, said, "A major factor is that roadside dust and soil get suspended in the air and lead to deterioration in air quality. The city has high traffic movement, which disturbs the loose roadside dust." Weather and seasonal factors exacerbate the situation. In winter, air quality in the city deteriorates sharply as road dust as well as particulate matter clog the air. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like So sánh mức trượt giá: Hợp đồng tương lai (CFD) Bitcoin vs Ethereum IC Markets Tìm hiểu thêm Undo Of late, air quality indices in the city during the winter months have been among the worst in the country. Kumar said, "The steering committee has decided that measures to control roadside dust and soil will be initiated well in advance so that roadside dust suspension is minimised." Measures to check pollution The central verge will be covered with eco-friendly honeycomb paver blocks or with thick vegetation cover City roads will be washed at night with tertiary treated water Tertiary water pipelines will be laid on important roads so that water can be sprayed and the roads always remain wet Water will be sprinkled before manual sweeping of city roads The committee also decided that NCAP funds will be spent on tangible actions such as automated road sweeping machines, water fogging machines, etc, to check dust pollution Constituents of roadside dust Particulate matter and pollutants released from vehicles that accumulate on and near roads Particles from tyre and brake wear, road surface abrasion, and resuspended road dust from traffic Traffic and vehicular density As per the latest Rites survey (2024-25), Chandigarh registers more than 15 lakh motorised inter-city trips per day. The Rites survey conducted in 2008 pegged daily total inter-city passenger traffic at 4.93 lakh trips. More than six lakh motor vehicles were registered in Chandigarh in 2005. Cost of prosperity According to the Chandigarh Master Plan (CMP-2031), the city has the highest number of motorised vehicles per capita in the country. The CMP states, "The share of two-wheelers and cars in total traffic is more than 80%. Household travel surveys indicate high ownership of cars and two-wheelers — 86% of households own at least one car or two-wheeler." During peak hours, on the busiest junctions, like Transport Chowk, nearly 80% of vehicles are private ones, concluded a recent Rites report. Chandigarh Traffic Police Annual Report says that against a vehicle population of 13.7 lakh, the city's population was 12.7 lakh in 2023. The vehicle population increased from 8.8 lakh in 2012 to 13.7 lakh in 2023. Vehicles Vs people Year | Total motor vehicles (in lakh) | Total population (in lakh) 2014 | 9.7 | 10.9 2015 | 10.2 | 11 2016 | 10.6 | 11.1 2017 | 11.1 | 11.2 2018 | 11.6 | 11.3 2019 | 12 | 11.4 2020 | 12.3 | 11.5 2021 | 12.7 | 11.7 2022 | 13.2 | 12.5 2023 | 13.7 | 12.7 *Source: Chandigarh Traffic Police Annual Report 2023
Economic Times
02-07-2025
- Business
- Economic Times
Rites shares jump 6% after winning $3.6 million international order
Rites shares rallied over 6% to Rs 296 on Wednesday after the company announced a significant international contract win, signaling a positive addition to its order pipeline. ADVERTISEMENT On July 1, 2025, RITES announced that it had secured a USD 3.6 million purchase order from African Rail Company for the supply and commissioning of two fully overhauled ALCO diesel-electric locomotives. These locomotives will be deployed in Zimbabwe, Mozambique, and Botswana. The project includes supply of Cape Gauge ALCO locomotives equipped with new bogies, traction motors, air brakes, and control systems, along with warranty support and technical deployment from RITES. The contract is expected to be executed within 9 months. Shares of RITES Ltd rose 6% to Rs 296, compared to the previous close of Rs 279. With this move, the company's market capitalization now stands at Rs 13,411.25 the past three months, the stock has delivered a strong 25% gain, reflecting sustained investor interest and positive business developments. The stock is currently trading well above its 52-week low of Rs 192.40, but remains below its 52-week high of Rs 398.45, leaving room for further upside if momentum continues. ADVERTISEMENT From a valuation standpoint, Rites is trading at a price-to-earnings (PE) ratio of 34.09 and a price-to-book (PB) ratio of 4.88, suggesting moderate-to-high investor expectations relative to earnings and asset the technical front, the Relative Strength Index (RSI-14) stands at 50.9, indicating a neutral zone — neither overbought nor oversold. (RSI below 30 signals an oversold condition, while above 70 indicates overbought levels.) ADVERTISEMENT Moreover, RITES is currently trading above all 8 key Simple Moving Averages (SMAs) — ranging from the 5-day to the 200-day — which is typically considered a bullish signal, highlighting strong underlying momentum. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
02-07-2025
- Business
- Time of India
Rites shares jump 6% after winning $3.6 million international order
Rites shares rallied over 6% to Rs 296 on Wednesday after the company announced a significant international contract win , signaling a positive addition to its order pipeline . On July 1, 2025, RITES announced that it had secured a USD 3.6 million purchase order from African Rail Company for the supply and commissioning of two fully overhauled ALCO diesel-electric locomotives . These locomotives will be deployed in Zimbabwe, Mozambique, and Botswana. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dukung Orang Terkasih Menghadapi Limfoma: Mulai Di Sini Limfoma Klik Di Sini Undo The project includes supply of Cape Gauge ALCO locomotives equipped with new bogies, traction motors, air brakes, and control systems, along with warranty support and technical deployment from RITES. The contract is expected to be executed within 9 months. Stock Price, Valuation & Technical Overview Shares of RITES Ltd rose 6% to Rs 296, compared to the previous close of Rs 279. With this move, the company's market capitalization now stands at Rs 13,411.25 crore. Live Events Over the past three months, the stock has delivered a strong 25% gain, reflecting sustained investor interest and positive business developments. The stock is currently trading well above its 52-week low of Rs 192.40, but remains below its 52-week high of Rs 398.45, leaving room for further upside if momentum continues. From a valuation standpoint, Rites is trading at a price-to-earnings (PE) ratio of 34.09 and a price-to-book (PB) ratio of 4.88, suggesting moderate-to-high investor expectations relative to earnings and asset base. On the technical front, the Relative Strength Index (RSI-14) stands at 50.9, indicating a neutral zone — neither overbought nor oversold. (RSI below 30 signals an oversold condition, while above 70 indicates overbought levels.) Moreover, RITES is currently trading above all 8 key Simple Moving Averages (SMAs) — ranging from the 5-day to the 200-day — which is typically considered a bullish signal, highlighting strong underlying momentum.
