• Rail inspection AI: RITES introduced the VISTAR AI tool utilizing 50 years of defect data to aid engineers at steel plants, improving rail inspection quality within a year.
• Headcount expansion: Deploying AI across its 13 verticals did not lead to downsizing, with the company inducting more than 500 people across India and abroad over the past year.
• Geographic diversification: Beyond traditional markets in Africa and neighboring countries like Bangladesh, Sri Lanka, and Nepal, RITES is expanding into Latin America and West Asia, securing opportunities in the UAE and Jordan across rail, metro, and port infrastructure.
• Geopolitical risk outlook: Management considers regional instability and wars to be temporary phases that will not derail long-term infrastructure growth in target international markets.