RITES signs MoU with IIT-Roorkee

RITES Limited, a leading Transport Infrastructure Consultancy and Engineering company, and the Indian Institute of Technology, Roorkee (IIT-R), have entered into a memorandum of understanding (MoU) to explore viable business opportunities in the infrastructure sector.

Under this agreement, RITES and IIT-R will collaborate for knowledge sharing, research and development and technical services, including consultancy assignments etc. The partnership intends to bring in best practices by leveraging each other's expertise and to push the vision of building sustainable and robust infrastructure in the country and abroad.

Shares of RITES Limited was last trading in BSE at Rs. 277.75 as compared to the previous close of Rs. 272.15. The total number of shares traded during the day was 18896 in over 1430 trades.

The stock hit an intraday high of Rs. 279.00 and intraday low of 274.95. The net turnover during the day was Rs. 5234919.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MoU IITRoorkee BusinessOpportunities