RITES steps up execution as order book tops ₹9K cr

INDIAN RAILWAYS' ENGINEERING and consulting arm RITES, which saw its order book breach the ₹9,000-crore mark in Q2FY26, is targeting to step up execution of the projects in a bid to boost its topline.

- MANU KAUSHIK

The company has built a strong order book over the past 18 months but the revenue has remain subdued in last two years. In fact, the operating revenue in FY25 saw a 3.2% decline over the previous year.

Rahul Mithal, CMD, RITES told FE that the company is now working on reducing timelines for its projects which will reflect in strong revenue growth in the coming quarters. “We have a large order book which is growing substantially in every quarter. We need to translate it into revenues because in the last two years, the topline hasn’t grown that substantially,’ he said.