RITES CMD Rahul Mithal Discusses Profit Impact of Inspection Changes

02 Aug 2024 CW Team

Rahul Mithal, Chairman and Managing Director (CMD) of RITES Limited, has elaborated on how recent changes in the company's inspection business are influencing its profitability. RITES, a prominent player in the transport infrastructure sector, has been undergoing significant shifts in its operational strategies to enhance efficiency and financial performance.

Mithal noted that the transformation within the inspection segment is pivotal to optimising operational costs and improving service quality. The company has been adopting advanced technologies and streamlined processes to bolster its inspection capabilities, which has had a substantial impact on its profit margins.

The changes involve integrating modern tools and techniques into the inspection processes, which help in reducing turnaround times and increasing accuracy. These improvements are expected to lead to better project outcomes and increased client satisfaction, ultimately contributing to the company's bottom line.

Mithal also emphasised that the evolving business environment and the competitive landscape necessitate these adjustments. By staying ahead with innovative practices, RITES aims to maintain its competitive edge and ensure sustainable growth.

The focus on refining the inspection business is part of RITES' broader strategy to enhance overall operational efficiency and profitability. As the company continues to adapt to industry changes and technological advancements, it is well-positioned to achieve its financial and strategic objectives, reinforcing its role as a leader in the infrastructure sector.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..