RITES Surges 6% Following Collaboration with DMRC

18 Jun 2024 CW Team

RITES Limited, a leading engineering consultancy firm, has witnessed a significant surge of over 6% in its stock price following the announcement of a collaboration with Delhi Metro Rail Corporation (DMRC). This partnership aims to leverage RITES' expertise in engineering and consultancy services to support DMRC's ongoing and future projects.

The collaboration between RITES and DMRC is expected to focus on various aspects of metro rail infrastructure development, including project management, engineering design, and implementation support. RITES, renowned for its proficiency in railway and infrastructure projects, will contribute its technical knowledge and capabilities to enhance the efficiency and reliability of DMRC's metro network.

The surge in RITES' stock price reflects investor optimism and confidence in the potential benefits of this strategic collaboration. The partnership with DMRC not only highlights RITES' role in India's infrastructure development but also underscores its commitment to delivering high-quality engineering solutions that meet the nation's transportation needs.

RITES Limited, a Mini Ratna public sector enterprise under the Ministry of Railways, has a proven track record in executing diverse projects across transportation and infrastructure sectors. Its collaboration with DMRC is poised to strengthen both organisations' capabilities in advancing sustainable and efficient metro rail systems in India.

As RITES continues to expand its footprint in the infrastructure consultancy space, the partnership with DMRC is expected to unlock new opportunities for growth and innovation. Together, RITES and DMRC aim to set benchmarks in metro rail development, contributing to India's urban mobility landscape and enhancing commuter experience across major cities.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..