RITES and NHIDCL MoU-signing ceremony at New Delhi

Rites Limited MOU with with National Highways & Infrastructure Development Corporation Limited (NHIDCL) to provide specialized consultancy and technical support services for the planning, development, construction and maintenance of highway and infrastructure projects across North-East and other strategic areas. The MoU establishes a framework to enhance project planning, engineering excellence, construction quality and safety standards across NHIDCL’s infrastructure portfolio. By bringing together NHIDCL’s expertise in developing national highways and strategic infrastructure with RITES’ extensive experience in transport infrastructure consultancy, the partnership aims at supporting the timely and efficient delivery of critical projects that drive regional connectivity and growth. Opinion : The stock price should react positively to the news in short run. Disclosure : I am not holding this stock. This is not a buy,sell or hold recommendation on the stock