RITES and SMEC sign MoU to explore infra projects

RITES Limited, a leading Transport Infrastructure Consultancy and Engineering company, signed a memorandum of understanding (MoU) with SMEC Group to cooperate and explore infrastructure projects.

The MoU will enable RITES and SMEC to collaborate and cooperate to explore, identify, pursue, and jointly execute mutually beneficial business opportunities in the infrastructure sector. It will allow both companies to leverage each other's expertise and technologies to optimise operations and expand on a global level.

The collaboration will facilitate knowledge sharing and the development of business proposals, including exploring consultancy opportunities arising at various government / semigovernment / autonomous bodies or authorities / private entities / multilateral-funding agencies.

Shares of RITES Limited was last trading in BSE at Rs. 272.15 as compared to the previous close of Rs. 271.70. The total number of shares traded during the day was 9770 in over 680 trades.

The stock hit an intraday high of Rs. 278.15 and intraday low of 271.40. The net turnover during the day was Rs. 2674018.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 SMECGroup MoU InfraProjects