RITES, MECL sign MoU for civil engineering infra works

RITES Limited, a leading Transport Infrastructure Consultancy and Engineering company, and Mineral Exploration Corporation Limited (MECL) have entered into a memorandum of understanding (MoU) to jointly bid and execute works related to geotechnical investigations for civil engineering infrastructure projects.

Under this arrangement, RITES and MECL will collaborate for technical services, including consultancy assignments, knowledge sharing and research & development activities. The partnership intends to bring in best practices by leveraging each other's geological / geophysical expertise in civil engineering and mining fields.

Shares of RITES Limited was last trading in BSE at Rs. 264.80 as compared to the previous close of Rs. 263.15. The total number of shares traded during the day was 9979 in over 607 trades.

The stock hit an intraday high of Rs. 265.60 and intraday low of 258.80. The net turnover during the day was Rs. 2620453.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MoU MineralExplorationCorporation GeotechnicalInvestigations