RITES & DP World sign MoU for Logistics Infrastructure Development

RITES has entered into a transformative Memorandum of Understanding (MoU) with DP World to explore potential opportunities for collaboration in the development of trade, logistics, and infrastructure projects. The MoU aims to foster mutual collaboration by exploring joint opportunities in infrastructure development, including ports, multimodal logistics parks, free trade zones, rail connectivity projects, and logistics infrastructure services.

Signed in the esteemed presence of HH Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister and Minister of Defence of the UAE; Shri Piyush Goyal, Hon'ble Minister of Commerce and Industry, Government of India; His Excellency Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World along with Mr. Rahul Mithal, Chairman & Managing Director of RITES Limited and other distinguished dignitaries at the CEO - Connect: Dubai-India Economic Ties & Opportunities in Mumbai, this MoU will foster collaboration in the areas of infrastructure development and trade between India and UAE.

Shares of RITES Limited was last trading in BSE at Rs. 215.60 as compared to the previous close of Rs. 218.25. The total number of shares traded during the day was 45559 in over 1240 trades.

The stock hit an intraday high of Rs. 217.85 and intraday low of 212.90. The net turnover during the day was Rs. 9802137.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MoU DPWorld