Current Affairs PDF

Railway PSU Rites Records 16% Hike in Profit After Tax (PAT) In 2014-15

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

RITES Ltd., Mini Ratna Enterprise under the Ministry of Railways has received highest ever Profit After Tax (PAT) of Rs. 306 crore during the year 2014-15, higher by 16% of previous year.

  • RITES Ltd., recorded Profit After Tax of Rs. 264 crore for the year 2013-2014.
  • The company has also recorded new heights in its core business of consultancy as well as loco leasing.
  • It has seen an increase of 31% from Rs. 593 crore to Rs. 776 crore during the year 2014-15.

Highest ever paid dividend:

  • The dividend payout for the year is Rs. 62 crore, which is 62% of the paid up share capital of the company. It is also the highest ever paid dividend by any company so far.


  • The company has been consistently rated as “Excellent” in its MOU performance.

About RITES Ltd:

  • RITES – Rail India Technical and Economic Services
  • Established in 1974, under the Ministry of Railways
  • Head Quarters: Gurgaon, Haryana
  • Chairman: Rajiv Mehrotra