Memorandum Of Understanding (MOU)
RITES Ltd: Rail Engineering Consultancy stock in news as company signs MoU with CWPRS
The collaboration will leverage RITES' expertise in transport infrastructure consultancy and project management, alongside CWPRS' advanced research capabilities in water resources.
RITES Ltd: Rail Engineering Consultancy stock in news as company signs MoU with CWPRS
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Shares of RITES Ltd, a public sector undertaking (PSU), surged over 3% after the engineering consultancy firm announced a collaboration with the Central Water and Power Research Station (CWPRS). This partnership aims to enhance engineering consultancy in marine, coastal, inland waterways, and hydropower infrastructure.
The collaboration will leverage RITES' expertise in transport infrastructure consultancy and project management, alongside CWPRS' advanced research capabilities in water resources.
Together, they intend to drive innovative solutions that improve project efficiency and sustainability through joint engineering consultancy, research, and development initiatives.