RITES, DVC collaborate for innovation in 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 the comprehensive maintenance and operational management of railway sidings, signalling and telecommunication (S&T) systems, and 25KV Overhead Electrification (OHE) isolators across DVC's private railway network in West Bengal and Jharkhand.

The maintenance work entrusted to RITES will include the AMC for railway sidings, O&M of S&T systems, and operation of 25KV OHE isolators.

Shares of RITES Limited was last trading in BSE at Rs. 705.30 as compared to the previous close of Rs. 679.90. The total number of shares traded during the day was 401730 in over 11416 trades.

The stock hit an intraday high of Rs. 721.00 and intraday low of 690.00. The net turnover during the day was Rs. 284015828.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MoU DamodarValleyCorporation RailInfraWorks