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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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