RITES, AITD sign MoU to promote multimodal mobility

RITES Limited, a leading Transport Infrastructure Consultancy and Engineering company, and the Asian Institute of Transport Development (AITD), New Delhi, have entered into a memorandum of understanding (MoU) to collaborate for strengthening infrastructure facilities, promoting multimodal transport system and addressing environmental concerns.

Under this agreement, RITES and AITD will collaborate for technical services, including multimodal connectivity and consultancy assignments, knowledge sharing, and research & development etc. The partnership intends to improving infrastructure facilities & transport services, promoting multimodal mobility solutions to increase efficiency of logistics of international production and distribution, and addressing environmental concerns to build infrastructure for the future.

Shares of RITES Limited was last trading in BSE at Rs. 268.70 as compared to the previous close of Rs. 262.80. The total number of shares traded during the day was 11522 in over 1024 trades.

The stock hit an intraday high of Rs. 272.00 and intraday low of 255.00. The net turnover during the day was Rs. 3049643.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 AITD MoU Collaboration