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RITES signs MoU with Mizoram Govt for infra works

Posted On : 2022-05-29 18:18:52( TIMEZONE : IST )

RITES signs MoU with Mizoram Govt for infra works

RITES Ltd., a leading transport infrastructure consultancy and engineering company, signed a memorandum of understanding (MoU) with the Planning & Programme Implementation Department, Government of Mizoram, to leverage the opportunities provided by the National Infrastructural Pipeline (NIP) and boost infrastructural development initiatives of the NorthEastern state.

As per the agreement, signed in the presence of Hon'ble Minister of State for Railways & Textiles Smt. Darshana Jardosh and Hon'ble Chief Minister of Mizoram Shri Zoramthanga, among other dignitaries, the state government, and RITES Ltd. will jointly identify projects in the areas of transport infrastructure as well as highways, buildings, airports, urban engineering, and ropeways, etc.

Executive Director (Privatisation & Concession), RITES Ltd., Mr. Manobendra Ghoshal, said, "The MoU with the Government of Mizoram heralds a new chapter in RITES' journey and paves the way for infrastructural development in the North-Eastern state, where the potential for sustainable and resilient development is immense."

RITES will lend its technical expertise and explore collaborations with the Government of Mizoram in developing industrial and logistic parks, including integrated check posts, signalling & workshops, metro railway systems, urban engineering & sustainability, water, sanitation, infrastructure, and renewable energy, etc., to attract public-private-partnerships and investments in the state.

Shares of RITES Limited was last trading in BSE at Rs. 248.40 as compared to the previous close of Rs. 246.90. The total number of shares traded during the day was 5014 in over 339 trades.

The stock hit an intraday high of Rs. 253.00 and intraday low of 248.00. The net turnover during the day was Rs. 1249427.00.

Source : Equity Bulls


RITES INE320J01015 MoU MizoramGovernment