RITES:- Rail India Technical and Economic Services
RITES is the acronym for Rail India Technical and Economic Services. It is a Public-sector undertaking (PSU). It is a part of the engineering, procurement and construction industry. It was founded in the year 1974. It is headquartered at Gurgaon, India. It serves its customers worldwide. It has approximately 2000 employees. It has executed projects in about 62 countries. It has executed projects on every major continent. It is a Public Limited company in India. It is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). It is an engineering consultancy company that specializes in the field of transport infrastructure. In its initial days, the company’s aim was to provide consultancy services in rail transport management to the operators in India as well as abroad. Since then, it has diversified into planning and consulting services for other infrastructure that includes airports, ports, urban planning, and highways. It gained the status of a Mini Ratna in 2002.