RITES signs MoU with CRIS to explore rail tech opportunities

RITES Ltd., the leading Transport Infrastructure Consultancy and Engineering company, has signed a memorandum of understanding (MoU) with Centre for Railway Information Systems (CRIS), to explore information technology-based opportunities in the railway sector and new-age areas.

The MoU will facilitate both entities to leverage each other's expertise and collaborate to drive digitalization in railway technologies. Together, CRIS and RITES will be working on national and international projects. With this partnership, the parties will devise smart, intelligent IT solutions for railway operations, apart from modernizing existing technology and telecommunication in the sector.

Mr. Sanjay Gupta, Chief Information Technology Officer, RITES Ltd., said, "The MoU with CRIS will help in offering state-of-art solutions to our clients and will pave the path towards building the digital future as we continue to innovate and leverage our technical expertise across the world."

Shares of RITES Limited was last trading in BSE at Rs. 231.95 as compared to the previous close of Rs. 239.25. The total number of shares traded during the day was 12363 in over 1020 trades.

The stock hit an intraday high of Rs. 239.50 and intraday low of 229.50. The net turnover during the day was Rs. 2877472.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MoU CRIS RailwaySector