Stock Report

RITES, IIT-Guwahati sign MoU for infra works

Posted On : 2022-05-02 23:13:51( TIMEZONE : IST )

RITES, IIT-Guwahati sign MoU for infra works

RITES Limited, a leading transport infrastructure consultancy and engineering company, entered a memorandum of understanding (MoU) with the Indian Institute of Technology Guwahati (IIT-G) to collaborate for improving infrastructure facilities and promoting multimodal transport system in the North-Eastern region.

RITES and IIT-G will engage to offer technical services, including design of rail, road, rail-cum-road bridges, road over bridges and tunnels, design audit of bridges, proof checking activities, rehabilitation works of bridges, structural health monitoring, slope stability analysis, design of slopes, etc, knowledge sharing and research & development activities.

"The collaboration between RITES and IIT-G, an institute of excellence, is a committed step towards building safe and efficient transport infrastructure focused on sustainable solutions in the north-eastern region," Mr. RK Dayal, Executive Director (Urban Infrastructure), RITES Ltd said.

The partnership intends to bring in best practices by leveraging each other's technical expertise to build sustainable and robust infrastructure in the North-Eastern region.

Shares of RITES Limited was last trading in BSE at Rs. 267.00 as compared to the previous close of Rs. 268.45. The total number of shares traded during the day was 13993 in over 653 trades.

The stock hit an intraday high of Rs. 268.00 and intraday low of 262.00. The net turnover during the day was Rs. 3706279.00.

Source : Equity Bulls


RITES INE320J01015 MoU IITGuwahati InfraWorks