RITES mentioned it has began export shipments to Sri Lanka and Mozambique.
Gurugram (Haryana):
Government-owned railway infrastructure consultancy RITES Ltd has introduced second interim dividend of Rs 4 per share every with a face worth of Rs 10. This brings whole dividend for FY21 thus far to Rs 9 per share amounting to Rs 216.27 crore. The document date for fee of dividend is March 20, the corporate mentioned in an announcement. For the primary 9 months of present fiscal (April to December 2020), the engineering firm reported a standalone income of Rs 1,315 crore with revenue after tax at Rs 290 crore.
In one other announcement, RITES mentioned it has began export shipments to Sri Lanka and Mozambique. The 10 railway passenger coaches have been efficiently delivered to Sri Lanka and first cargo of two 3000 HP cape gauge AC locomotives was just lately flagged off.
Rajeev Mehrotra, Chairman and Managing Director, mentioned new product strains in railways are means ahead for exports. Such merchandise reveal India’s design, manufacture, and export capabilities. “We hope the project of supplying Cape Gauge locomotives to Mozambique will open up more export opportunities for us in new markets,” he mentioned in an announcement.
RITES is a mini-ratna class one schedule A public sector enterprise and a number one participant within the transport consultancy and engineering sector in India, having diversified providers and geographical attain. The firm has expertise spanning 46 years with initiatives in over 55 international locations together with Asia, Africa, Latin America, South America and Middle East areas.
