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Company News Details

Rites Ltd
Industry :  Miscellaneous
BSE Code
ISIN Demat
Book Value()
541556
INE320J01015
51.5991323
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
RITES
29.27
10803.97
EPS(TTM)
Face Value()
Div & Yield %
7.68
10
4
 

Rites Ltd
Rites inks MoU with DP World for logistics infrastructure development
Apr 10,2025

The MoU aims to foster mutual collaboration by exploring joint opportunities in infrastructure development, including ports, multimodal logistics parks, free trade zones, rail connectivity projects, and logistics infrastructure services.

DP World is a multinational logistics company based in Dubai, United Arab Emirates. It specializes in cargo logistics, port terminal operations, maritime services, and free trade zones.

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 31st December 2024, the Government of India held a 72.20% stake in the company.

The company’s consolidated net profit declined 16.7% to Rs 100.09 crore in Q3 FY25 as compared with Rs 120.14 crore in Q3 FY24. Net sales declined 15.7% to Rs 575.76 crore during the quarter.

Shares of Rites declined 1.21% to Rs 215.60 on Wednesday, 9 April 2025.

The Indian stock market is closed today in observance of Shri Mahavir Jayanti.

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