At Rs 562 crore, Indian Railways’ RITES registers 42.6% rise in revenue in Q3 of FY19


At Rs 562 crore, Indian Railways’ RITES registers 42.6% rise in revenue in Q3 of FY19

RITES, a public sector unit under the Ministry of Railways, said it has registered a revenue of Rs 562 crore in the quarter ending December, registering an increase of 42.6 per cent over the same period last year. RITES is an engineering consultancy company under the aegis of the Indian Railways.

The board of directors of RITES in a meeting on Tuesday approved the results for the third quarter and nine months ending December 31, 2018, according to a statement issued Wednesday.

Chairman and Managing Director, RITES Limited, Rajeev Mehrotra, said, “I am pleased to announce that with strong focus on execution of projects, the company has recorded a total revenue of Rs 562 crore in the Q3’FY19 Read More

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