Railway Accounts Department Examinations

Saturday, April 28, 2018

RITES


RITES

Click below for official website of RITES


Image result for rites 

·         Incorporated in the year 1974 as a Public limited company under the Companies Act, 1956

·         Full form : Rail India Technical & Economic Service

·         A Government of India Enterprise under the aegis of Indian Railways. Hqrs: Gurgaon, Haryana

·         Multidisciplinary organization of Consultants, Engineers and Project Managers in transport & infrastructure sectors.

·         Offers comprehensive services from concept to commissioning of projects in Railways, Urban transport, Highways, bridges, renewable energy and export packages of rolling stock and railway related equipment.

·         RITES is the nominated agency of Indian Railways for export of rolling stock manufactured at the Production Units of Indian Railways.

·         A Mini Ratna Enterprise, Schedule A, an ISO 9001-2008 company

·         Operational experience of 43 years

·         Global presence -- extended its services in nearly 62 countries

·         Only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).

·         Integrated Check Posts  - RITES has completed these Posts at the borders of neighbouring countries in a first of its kind project in India.   These are the world-class facilities for passenger & cargo movement in similar to Airports. Examples:  Attari check post on India-Pakistan border, Petropole check post on Indo-Bangladesh border, Agartala check post on Indo-Myanmar border.

·         SAIL RITES Bengal Wagon Industry Pvt. Ltd - Joint venture of RITES & SAIL - with the object of setting up of State-of-the-art Wagon factory at Kulti, West Bengal   - Assured off-take by Indian Railways for manufacture of 1200 high end specialized wagons and rehabilitation of 300 wagons per year.

·         Financials -2016-17

v  Profit after tax - 331 Crores

v  Rs.10.34 lakhs  - Profit per employee  (Total employees -3200)

v  Total Income 1509 Crores

v  Share Capital -200 Crores

v  Profit after tax to Share Capital  -  166 %
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