RITES & APEDB sign MoU to spur infra growth in Andhra Pradesh

RITES Limited, the leading Transport Infrastructure Consultancy and Engineering firm, has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB), Government of Andhra Pradesh. The partnership aims at providing consultancy services to facilitate investments in infrastructure and industrial development across key sectors in Andhra Pradesh.

RITES and APEDB officials at the MoU-signing ceremony Under the MoU, RITES will extend its technical expertise across key infrastructure consultancy domains, including feasibility studies, Detailed Project Reports (DPRs), Project Management Consultancy, Bid Management, and Third Party Inspection & audit services. The collaboration spans a wide range of sectors such as transport systems, ports, waterways, power, water and wastewater, buildings, and industrial infrastructure, among others.

Shares of RITES Limited was last trading in BSE at Rs. 252.45 as compared to the previous close of Rs. 246.45. The total number of shares traded during the day was 138507 in over 2893 trades.

The stock hit an intraday high of Rs. 255.00 and intraday low of 246.15. The net turnover during the day was Rs. 34919141.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MoU APEDB GovernmentofAndhraPradesh