RITES and DNV sign MoU to explore business avenues

RITES Limited, a leading Transport Infrastructure Consultancy and Engineering company, signed a Memorandum of Understanding (MoU) with DNV Business Assurance India Pvt. Ltd to jointly explore business opportunities in the areas of Independent Safety Assessments (ISA).

Under this arrangement, RITES and DNV will collaborate, synergize their efforts by complementing their respective strengths for identification, securing and execution of Railway Assurance & Advisory Services for Railway Rolling Stock & Signaling and train control system domain with applicable standards for Metro, Mainline and Generic products.

Dr. Deepak Tripathi, Director Technical, RITES said, "The partnership with DNV will provide a platform to explore business opportunities and will facilitate knowledge sharing in other business areas."

Shares of RITES Limited was last trading in BSE at Rs. 477.80 as compared to the previous close of Rs. 497.30. The total number of shares traded during the day was 83159 in over 3014 trades.

The stock hit an intraday high of Rs. 495.70 and intraday low of 474.00. The net turnover during the day was Rs. 40074609.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MoU DNVBusinessAssuranceIndia IndependentSafetyAssessments