Established in 1974, RITES is a multi-disciplinary consultancy organization in the field of transport, infrastructure and related technologies. New Delhi: More than 40 years after its launch, Indian Railways mini ratna company Rail India Technical and Economic Service Ltd, or RITES, has achieved its highest ever turnover of Rs1,294 crore in 2015-16, 11% more than what it made in the previous financial year. The company also recorded highest ever profit after tax of Rs339 crore during the same fiscal as against Rs306 crore in 2014-15, it said on Friday. Besides, RITES also bagged a contract for the supply of 18 MG diesel electric locomotives to Myanmar Railways. Established in 1974, RITES is a multi-disciplinary consultancy organization in the field of transport, infrastructure and related technologies and has global experience of working in 62 countries.

Source: Mint September 18, 2016 15:56 UTC