Shares of RITES surged by more than 4% on September 5, 2024, after the company signed a MoU with NBCC for consultancy works.

On RITES Ltd has announced that it has signed a Memorandum of Understanding (MoU) with NBCC (India) Ltd., a CPSE under the Ministry of Housing Development, to explore and carry out a wide range of consultancy, fee-based projects, and EPC contracts from concept to commissioning.

The partnership will focus on a variety of sectors and new-age projects in urban energy, water management, urban transportation and infrastructure and township development.

As of 10:06 AM, RITES shares were trading 4.70% higher at ₹681.00 on the NSE.