RITES & DMRC sign MoU for exploring Consultancy and O&M of Metro Rail Systems

RITES Ltd., a premier transport infrastructure consultancy, today signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation Ltd. (DMRC) for collaboration in comprehensive operations and management projects of Metro Railway Systems, including Rolling Stock, Depot Management, Station Management, maintenance of Railway Infrastructure, etc. in India and abroad.

The partnership aims at streamlining the process for jointly exploring, identifying, securing, and executing consultancy assignments for operations and management of Metro/LRT/Mass Rapid Transit Systems in India and abroad. As a part of this collaboration, DMRC and RITES will work together in tandem, leveraging each other's strengths and enhancing business capabilities.

Shares of RITES Limited was last trading in BSE at Rs. 679.90 as compared to the previous close of Rs. 681.65. The total number of shares traded during the day was 101906 in over 5135 trades.

The stock hit an intraday high of Rs. 688.70 and intraday low of 676.05. The net turnover during the day was Rs. 69398989.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MOU DMRC MetroRailwaySystems India Overseas