RITES, IIT-Madras sign MoU for marine infra works

RITES Limited, a leading Transport Infrastructure Consultancy and Engineering company, and the Indian Institute of Technology, Madras (IIT-M), have entered into a memorandum of understanding (MoU) to cooperate and explore marine infrastructure works.

Under this arrangement, RITES and IIT-M will collaborate for providing engineering consultancy (design & construction supervision), enhancing technical cooperation and knowledge sharing for the development of marine infrastructure works, including navigational studies etc. The partnership intends to bring in best practices by leveraging each other's expertise in marine engineering works and address environmental (oceanic) concerns to build sustainable and robust infrastructure.

Shares of RITES Limited was last trading in BSE at Rs. 254.50 as compared to the previous close of Rs. 256.95. The total number of shares traded during the day was 5581 in over 420 trades.

The stock hit an intraday high of Rs. 259.10 and intraday low of 254.10. The net turnover during the day was Rs. 1426290.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 IITMadras MoU MarineInfrastructureWorks