Stock Report

RITES, OIL collaborate to develop Duliajan Township as Mini Smart City

Posted On : 2023-12-08 22:22:13( TIMEZONE : IST )

RITES, OIL collaborate to develop Duliajan Township as Mini Smart City

RITES Ltd, a prime transport infrastructure consultancy and engineering firm, has entered into a memorandum of understanding (MoU) with Oil India Limited, the second largest National Oil Company, to develop Duliajan Township, Assam, as a Mini Smart City.

As part of the MoU, RITES will undertake an extensive study, review the existing system and prepare a suitable/feasible design to develop Duliajan Township, managed and operated by OIL, as a Mini Smart City. The collaboration, aimed at reviving the Township, entails infrastructure works such as review of existing drainage system and design, DPR for integration of Solid Waste Management System, review of road & traffic network and plan for parking facilities. Besides, RITES will offer its expertise for buildings, horticulture and beautification works.

Leveraging its core strength of consultancy, RITES continues to provide comprehensive, efficient, and advanced solutions for developing infrastructure and related facilities in North-Eastern states.

Shares of RITES Limited was last trading in BSE at Rs. 476.40 as compared to the previous close of Rs. 482.20. The total number of shares traded during the day was 32945 in over 1317 trades.

The stock hit an intraday high of Rs. 486.10 and intraday low of 472.00. The net turnover during the day was Rs. 15779197.00.

Source : Equity Bulls


RITES INE320J01015 MoU OilIndia