RITES & Botswana Government sign MoU to Modernise Railway and Transport Infrastructure in Botswana

RITES Ltd., a prime transport infrastructure consultancy, today signed a Memorandum of Understanding (MoU) with the Government of the Republic of Botswana, represented by its Ministry of Transport and Infrastructure, to collaborate on the development and modernisation of transport infrastructure in Botswana.

The partnership aims to accelerate the growth of Botswana's railway and transport infrastructure by deploying advanced technologies, global best practices, and capacity-building initiatives to strengthen local capabilities and enhance efficiency, safety, and reliability across the sector.

Under the MoU, Botswana will draw upon RITES Limited's extensive technical expertise for the development and modernisation of railway systems. RITES' scope of support will include the supply of rolling stock; commissioning, repair, operation and maintenance support for railway systems; and modernisation of workshops. The collaboration will also cover transport infrastructure development projects spanning railways, highways, bridges, airports, and buildings.

In addition, RITES will provide capacity-building and technical training programmes, facilitate knowledge exchange, deliver quality assurance services including third-party inspections, pre-shipment inspections, and final acceptance testing and deploy advanced information technology solutions such as integrated train operations and passenger management systems.

Shares of RITES Limited was last trading in BSE at Rs. 226.35 as compared to the previous close of Rs. 222.55. The total number of shares traded during the day was 19285 in over 839 trades.

The stock hit an intraday high of Rs. 227.20 and intraday low of 220.45. The net turnover during the day was Rs. 4325713.00.

Source : Equity Bulls

Keywords

RITES INE320J01015 MoU BotswanaGovernment