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‘Rites is trying to consolidate now’

DNMUM416055 | 6/13/2018 | Author : Ateeq Shaikh | WC :322

Railway consultancy firm Rites will come out with an initial public offering (IPO) June 20 with an aim to raise Rs 467 crore at an upper band of Rs 185 per share. The proceeds through this disinvestment of 12.60% stake will go to the government of India. Rajeev Mehrotra, CMD of Rites, in an interview with Ateeq Shaikh, talks about the company’s revenues, projects and plans.

What is the share of various segments in Rites’s business?
In terms of business size, roads and inland water transport are very small. If you see the revenue, last year (2017), 60% came from consulting, 24% from exports, 7% from locomotive leasing and the balance from energy management and other things. The turnover was around Rs 1,550 c
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Infra spend spurs cement revival
DNMUM418533 | 7/20/2018 12:00:00 AM | Author : Sumit Moitra | WC :686

Kolkata: Investment in infrastructure by states as well as the Centre coupled with boost for the low-cost housing assets have triggered a revival in demand for cement since the start of the second half of the previous financial year and the tem
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Ensuring quality power a challenge
DNMUM418536 | 7/20/2018 12:00:00 AM | Author : Edit | WC :224

Rising coal prices coupled with jump in summer time demand for electricity have strained the quality of power available in several parts of the country. June has seen the national peak demand touching 170 GW on June 23 about 13% more than
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Mumbai Monorail to chug, but at a higher cost
DNMUM418537 | 7/20/2018 12:00:00 AM | Author : Ateeq Shaikh | WC :612

Mumbai: The agreement reached between Larsen & Toubro-Scomi Engineering (LTSE) consortium and Mumbai Metropolitan Region Development Authority (MMRDA) on Mumbai Monorail project has come at a cost.
MMRDA has agreed to pay a higher per-trip cost to
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Esops of unlisted firms turn investment fable for HNIs
DNMUM418538 | 7/20/2018 12:00:00 AM | Author : Priya Nair | WC :660

Mumbai: When Flipkart employees land a windfall after Walmart seals the buyout deal, they may find investors waiting to buy their Esop fortune.
While shares of unlisted companies have always been on the radar high networth and ultra-high networth
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