RITES, NHPC sign MoU for Rail Infra consultancy works

RITES Ltd, India's leading transport infrastructure consultancy and engineering firm, has signed a memorandum of understanding (MoU) with NHPC Limited, a premier hydropower generating company under the Ministry of Power, to collaborate on comprehensive Consultancy services for Rail Infrastructure facilities for NHPC's hydropower projects.

This collaboration will encompass consultancy services for new rail connectivity, logistics and allied infrastructure, including Rapid Loading Systems (RLS/SILO) and conveyor systems, at Pasighat for NHPC's 2880-MW Dibang Multipurpose Project (MPP) in Arunachal Pradesh.

Mr. Pawan Chowdhry, Vertical Head, RITES, said, "The strategic partnership between RITES and NHPC complements the expertise of both organizations. Leveraging its core strength, RITES, as a Project Management Consultant, will provide comprehensive and efficient solutions for developing Rail Infrastructure and allied facilities for NHPC. We look forward to a long and fruitful association."

RITES and NHPC, with their complementary strengths and expertise, are poised to create significant impact to the growth of India's infrastructure and energy landscape.

Shares of NHPC Limited was last trading in BSE at Rs. 49.85 as compared to the previous close of Rs. 50.10. The total number of shares traded during the day was 993706 in over 3673 trades.

The stock hit an intraday high of Rs. 50.45 and intraday low of 49.50. The net turnover during the day was Rs. 49470413.00.

Shares of RITES Limited was last trading in BSE at Rs. 473.75 as compared to the previous close of Rs. 477.80. The total number of shares traded during the day was 213103 in over 5279 trades.

The stock hit an intraday high of Rs. 490.85 and intraday low of 469.35. The net turnover during the day was Rs. 101968549.00.

Source : Equity Bulls

Keywords

NHPC INE848E01016 RITES INE320J01015 Collaboration ConsultancyServices RailInfrastructure