RITES Ltd shares climbed 4% after the company signed a Memorandum of Understanding (MoU) with the Central Water and Power Research Station (CWPRS), an R&D organization under the Ministry of Jal Shakti. This strategic partnership aims to boost engineering consultancy, research, and development in water resources, marine, and inland waterways infrastructure.
The collaboration will leverage RITES’ expertise in transport infrastructure and project management along with CWPRS’ advanced research capabilities to deliver innovative and sustainable solutions for India’s hydropower, marine, and inland waterway projects. The partnership is expected to enhance project efficiency, drive technological advancements, and support sustainable water resource management.
RITES Limited shares opened at ₹214.50, hitting a high of ₹221.95 and a low of ₹212.50. The stock’s 52-week high stands at ₹412.98, while the 52-week low is ₹200.50.
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