RITES signs MoU with DMRC for exploring Metro works 

RITES Ltd has recently informed exchanges that the company signed a Memorandum of Understanding (MoU) with the Delhi Metro Rail Corporation (DMRC), which is known for running and maintaining Delhi’s huge metro rail network. Through this MoU, the organizations will share their strengths to identify, secure and carry out metro projects in India and abroad.

This strategic partnership will offer services such as general consultancy, project management, detailed design, feasibility studies and others. The partnership intends to capitalize on possibilities in the urban transit system space, providing world-class solutions for local and international projects.

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In the exchange filing, the company also shared, “The alliance also syncs with RITES’ ongoing efforts to expand its global footprint under its ‘RITES Videsh’ initiative. With DMRC’s extensive experience in metro rail operations and RITES’ proven expertise in transport infrastructure, both entities are well-positioned to pursue emerging opportunities.”