RITES, CART sign MoU to explore consultancy works

RITES Ltd, a prime transport infrastructure consultancy and engineering firm, has signed a memorandum of understanding (MoU) with CARE Advisory Research and Training Ltd. (CART), a subsidiary of CARE Ratings Limited, to explore avenues of mutual collaboration in the consultancy domain, including ESG services, across sectors.

Senior officials of RITES and CART at the MoU-signing ceremony in GurugramAs part of the MoU, both entities will also collaborate for providing ESG consultancy services, including ESG Assessment, Gap Analysis, ESG Due Diligence, ESG Policy Development and Roadmap as well as ESG/Compliance reporting across sectors. They will jointly develop a 'go-to' market strategy to work proactively and bring in best practices by leveraging each other's strengths to optimise operations.

Mr. Manobendra Ghoshal, Chief Strategy Officer, RITES Ltd., said, "Together, RITES and CART will explore and stimulate consultancy assignments to drive growth. The combined expertise aims at fostering a sustainable future by offering comprehensive solutions that integrate sustainable engineering and project management."

Shares of RITES Limited was last trading in BSE at Rs. 492.00 as compared to the previous close of Rs. 488.35. The total number of shares traded during the day was 21598 in over 954 trades.

The stock hit an intraday high of Rs. 499.05 and intraday low of 485.00. The net turnover during the day was Rs. 10603869.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MoU CAREAdvisoryResearchandTraining Consultancy ESG