RITES Limited, a leading Transport Infrastructure Consultancy and Engineering company, signed a Memorandum of Understanding (MoU) with iHUB DivyaSampark, IIT-Roorkee, to jointly explore business opportunities related to innovative technologies.
Under this arrangement, RITES and iHUB DivyaSampark IIT-Roorkee will collaborate on projects, events, and network facilitation to explore opportunities for Cyber Physical Systems-related innovation and emphasis on developing technology/Industry 4.0 and AI-based solutions to meet the industry's requirements.
Both entities will also collaborate and explore AI applications in the fields such as rolling stock maintenance, inspection, maintenance of bridges, office management, and airports etc.
Shares of RITES Limited was last trading in BSE at Rs. 504.05 as compared to the previous close of Rs. 512.35. The total number of shares traded during the day was 89667 in over 2353 trades.
The stock hit an intraday high of Rs. 517.05 and intraday low of 499.40. The net turnover during the day was Rs. 45605632.00.