RITES Ltd. is now a Navratna company

                                            
                                                                                                                                                                                                                                                                           RITES Limited Limited

CIN: L74899DL1974GOI007227

RITES Ltd. is now a Navratna company

New Delhi, October 13, 2023:  RITES Ltd (NSE: RITES, BSE: 541556), a central Public Sector Enterprise (CPSE) under the Ministry of Railways, has been granted the coveted ‘Navratna’ status by the Ministry of Finance. With this, RITES has become India’s 16^th Navratna CPSE.

Entering its 50^th year of incorporation, RITES Ltd is a leading transport infrastructure consultancy and engineering firm in India. It provides services in the diverse sectors of transportation, railways, export of rolling stock, highways, airports, metros, urban engineering & sustainability, ports & waterways, and energy management.

Crediting ‘Team RITES’ for this achievement, Mr. Rahul Mithal, Chairman and Managing Director, RITES Ltd, said, "It’s a proud moment for us to become a Navratna company and join the club of ‘Top-29’ CPSEs of the country. The distinction serves as a testament to the faith reposed by valued clients & supportive stakeholders and efforts of our devoted employees. It will enable RITES to further nurture our brand, expand our global footprints and pursue new frontiers more aggressively. It’s a step forward in achieving our vision of being the ‘Go-To’ Infrastructure Consultancy Company."