Rs 8,877 crore order book: Transport infrastructure consultant signs MoU with Central Mine Planning & Design Institute Ltd
DSIJ Intelligence-1 / 24 Jul 2025/ Categories: Mindshare, Trending
The stock is up by 44 per cent from its 52-week low of Rs 192.30 per share.
RITES Ltd, a leading transport infrastructure consultant, signed a Memorandum of Understanding (MoU) with Central Mine Planning & Design Institute Limited (CMPDI), a Coal India Limited subsidiary. This strategic partnership aims to jointly identify, explore, and pursue projects and consultancy assignments in India and internationally. Their focus will be on mining, renewable energy, and related infrastructure development.
Under the MoU, RITES will utilise its international experience, market intelligence, and logistics expertise to support CMPDI in securing mining projects, undertaking consultancy assignments, and designing capacity-building programs. Both organisations will collaborate on feasibility studies and detailed assessments for various projects, including power and renewable energy. They will also jointly submit proposals for mining and evacuation projects, both domestically and internationally.
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About the Company
Established in 1974, RITES Limited is a leading public sector player in India's transport consultancy and engineering, offering diversified services from locomotive and train manufacturing to consultancy, exports, leasing and turnkey projects across railways, metros, airports, ports, highways, ropeways and urban infrastructure. As India's export arm for rolling stock (except Thailand, Malaysia, and Indonesia), it boasts expertise in various gauges and caters to diverse transportation needs.
The stock has a 52-week high of Rs 385.50 per share & a 52-week low of Rs 192.30 per share and has been maintaining a healthy dividend pay-out of 98 per cent. The company has a market cap of over Rs 13,000 crore and as of March 31, 2025, its order book stands at Rs 8,877 crore. The stock has an ROE of 15 per cent and an ROCE of 21 per cent. The stock is up by 44 per cent from its 52-week low of Rs 192.30 per share.
Disclaimer: The article is for informational purposes only and not investment advice.