RITES, IT-Delhi sign MoU on road design & safety works

RITES Limited, a leading Transport Infrastructure Consultancy and Engineering company, has entered into a Memorandum of Understanding (MoU) with the Indian Institute of Technology, Delhi, (IIT-Delhi), to explore avenues of mutual collaboration on road design and road safety consultancy projects.

Under this agreement, RITES and IIT-Delhi intend to bring in best practices by leveraging each other's expertise and technologies to optimise operations and expand on a global level.

The collaboration will not only create a platform to enhance capabilities for carrying out infrastructure projects, but also facilitate exploring of consultancy opportunities arising at various Govt. / Semi Govt. / autonomous bodies or authorities / private entities / multilateral-funding agencies.

Shares of RITES Limited was last trading in BSE at Rs. 260.70 as compared to the previous close of Rs. 256.85. The total number of shares traded during the day was 13630 in over 946 trades.

The stock hit an intraday high of Rs. 262.00 and intraday low of 258.00. The net turnover during the day was Rs. 3541935.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MoU IITDelhi