RITES, a Miniratna Schedule ‘A’ infrastructure consultancy company has reported highest ever turnover of Rs 1076 crore in the financial year 2012-13, which is 15 per cent higher over the previous year turnover of Rs 934 crore. The company has also earned highest ever profit after tax of Rs 245 crore for the year, registering an increase of 49 per cent over the previous year profit of Rs 164 crore.
RITES chairman and managing director Rajeev Mehrotra stated that during the year, company has issued bonus shares of Rs 60 crore resulting in increase in the paid-up capital to Rs 100 crore. . It has declared dividend of Rs 50 crore, which is 50 per cent of the increased paid up share capital of the company.
During the year, company signed MOU with Ministry of Railways for formation of a joint venture entity called Railway Energy Management company to explore business opportunities in power sector.
RITES chairman and managing director Rajeev Mehrotra stated that during the year, company has issued bonus shares of Rs 60 crore resulting in increase in the paid-up capital to Rs 100 crore. . It has declared dividend of Rs 50 crore, which is 50 per cent of the increased paid up share capital of the company.
During the year, company signed MOU with Ministry of Railways for formation of a joint venture entity called Railway Energy Management company to explore business opportunities in power sector.