RITES and Andal Diesel Shed sign MoU for Loco Maintenance

RITES Ltd., a premier transport infrastructure consultancy, has signed a Memorandum of Understanding (MoU) with Eastern Railway's Andal Diesel Shed, Asansol Division, West Bengal. This MoU sets up a framework for collaboration on major schedule repair and maintenance of Diesel-Electric Locomotives owned by RITES and other clients at the Andal Diesel Shed facility.

The partnership aims at streamlining the repair and maintenance process for diesel locomotives. As part of this collaboration, RITES will secure or identify business opportunities for higher schedule repairs, while the Andal Diesel Shed will execute the maintenance work.

Shares of RITES Limited was last trading in BSE at Rs. 681.65 as compared to the previous close of Rs. 674.75. The total number of shares traded during the day was 58714 in over 2285 trades.

The stock hit an intraday high of Rs. 697.00 and intraday low of 677.70. The net turnover during the day was Rs. 40193380.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 AndalDieselShed MoU LocoMaintenance