RITES and Bill & Melinda Gates Foundation sign MoU to advance health and development priorities, & gender equality in India

RITES Ltd., a public sector enterprise and leading transport infrastructure consultancy and engineering company, has signed a memorandum of understanding (MoU) with the Bill & Melinda Gates Foundation to advance goals on health, development, and gender equality in India, through their Corporate Social Responsibility efforts. The MoU has been signed for a duration of two years.

The MoU will allow both organizations to collaborate and partner with the central and state governments and other not-for-profit and philanthropic organizations to develop strategic, high impact, multi-year programs with outcomes for the most vulnerable. In its first phase, the collaboration will jointly support projects focused on women's economic empowerment and accelerating the adoption of Ayushman Bharat Health Accounts (ABHA) using digital public goods platforms.

Mr. BP Nayak, Director Finance, RITES Ltd., said, "The MoU reiterates our commitment towards '…..Changing Lives' by underscoring our CSR initiatives with a purpose-driven motive. We look forward to fostering seamless cooperation and collaboration with the Foundation to build a better future, together."

Shares of RITES Limited was last trading in BSE at Rs. 267.25 as compared to the previous close of Rs. 267.25. The total number of shares traded during the day was 13517 in over 1224 trades.

The stock hit an intraday high of Rs. 268.00 and intraday low of 261.30. The net turnover during the day was Rs. 3584161.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MoU BillandMelindaGatesFoundation CSR