RITES signs MoU with Shipping Corporation of India

RITES Limited, the leading Transport Infrastructure Consultancy and Engineering firm, has signed a memorandum of understanding (MoU) with the Shipping Corporation of India Limited (SCI), a Government of India Enterprise, to explore collaboration in maritime logistics and multimodal transport solutions.

Under this MoU, both parties will collaborate to enhance maritime logistics and shipping operations, ensuring the timely and efficient movement of RITES' cargo across global destinations. The collaboration also aims to design innovative, cost-effective, and resilient supply chain and logistics models tailored to RITES' operational needs. In addition, both organizations will engage in knowledge exchange and capacity-building initiatives, sharing best practices in areas such as supply chain resilience, digital cargo tracking, and logistics planning for high-value consignments.

Shares of RITES Limited was last trading in BSE at Rs. 247.80 as compared to the previous close of Rs. 247.65. The total number of shares traded during the day was 36712 in over 1073 trades.

The stock hit an intraday high of Rs. 250.90 and intraday low of 246.85. The net turnover during the day was Rs. 9134290.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MoU SCI ShippingCorporationofIndia