RITES, DVC collaborate for rail infra works

RITES Ltd., a prime transport infrastructure consultancy, today signed an MoU with Damodar Valley Corporation (DVC), a statutory body under the Ministry of Power, to collaborate for Project Management Consultancy for rail infra works.

The partnership aims at finding novel infrastructure solutions for upgradation, renovation and development of rail connectivity for power plants and surrounding areas. As part of this collaboration, RITES will be working closely with DVC for development of rail infrastructure facilities and associated civil, structural, S&T, OHE works.

Shares of RITES Limited was last trading in BSE at Rs. 674.25 as compared to the previous close of Rs. 670.35. The total number of shares traded during the day was 73856 in over 2944 trades.

The stock hit an intraday high of Rs. 679.00 and intraday low of 666.05. The net turnover during the day was Rs. 49735610.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MoU DVC