RITES Ltd, a transport infrastructure consultancy, signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Company (DMRC) at this time, to collaborate on metro initiatives in India and overseas. The partnership goals to mix RITES’ experience in transport infrastructure with DMRC’s expertise in metro rail operations to pursue alternatives in city transit methods.
The shares of RITES Ltd have been buying and selling at ₹323.35 down by ₹10.90 or 3.26 per cent on the NSE at this time at 2.20 pm.
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The MoU focuses on providing companies resembling Common Consultancy, Challenge Administration, Detailed Design, and Feasibility Research. This strategic alliance aligns with RITES’ ‘RITES Videsh’ initiative to broaden its international footprint.
RITES Restricted, a Navratna Public Sector Enterprise, has a 50-year monitor document within the transport consultancy and engineering sector, with initiatives in over 55 nations throughout Asia, Africa, Latin America, South America, and the Center East. The collaboration is anticipated to strengthen each organisations’ capabilities in delivering world-class options for home and worldwide metro initiatives.
The MoU-signing ceremony came about in New Delhi, marking a step within the firms’ efforts to faucet into the rising city transit market.
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