The Rs240-crore turnover Rites Limited, a ministry of
railways undertaking bagged new orders worth Rs635 crore
during the year 2004-2005.
amongst them is the order to operate and manage the
Beira Rail Corridor in Mozambique for the next 25 years.
The project envisages an investment of $152 million
of which $104.5 million will be funded by the World
is on the threshold of gaining another major railway
concession in Tanzania.
a Rs4-crore equity base, RITES posted a net profit of
Rs41 crore last fiscal and has proposed paying a final
dividend of Rs8 crore to its parent railway ministry.
An interim dividend of Rs4 crore has already been paid.
company is engaged in infrastructure development assignments
related to railways, highways, airports, urban transport,
waterways besides export and leasing of locomotives
and rolling stock in countries like Malaysia, Myanmar,
Uganda, Ethiopia, Mozambique, Tanzania, Sudan, UK, Colombia,
Angola and Senegal.
engineers are working in Afghanistan for the reconstruction
and development of systems, equipment procurement and