Introduction:
PSU stock has signed an MoU to enhance marine infrastructure consultancy through engineering, research, and development in water resources. This collaboration focuses on improving efficiency in marine, inland waterways, and hydropower projects, strengthening sustainable water management and advancing India’s transport infrastructure.
Share Price movement of RITES:
On February 20, 2025, RITES Ltd opened at ₹214.50, reaching a high of ₹228.00, up 3.61% from its previous close of ₹213.25, and a low of ₹212.50. Currently, it is trading at ₹220.95, with a market cap of ₹10,618.94 crore.
RITES signs new MoU:
RITES Ltd. signed an MoU with CWPRS to collaborate on marine infrastructure consultancy. The partnership focuses on engineering consultancy, research, and development in water resources. It aims to enhance efficiency in marine, inland waterways, and hydropower projects.
By combining RITES transport infrastructure expertise with CWPRS research capabilities, the collaboration seeks innovative solutions. It will support coastal, marine, and inland waterway infrastructure development. This initiative strengthens India’s sustainable water resource management efforts.
The partnership prioritizes sustainability and efficiency in water infrastructure projects. Joint engineering consultancy and R&D efforts will drive advancements in marine infrastructure. It ensures robust solutions for India’s growing water transport and hydropower sectors.
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Recent news About RITES :
On February 17, RITES secured a major contract from NLC India Limited for the preparation of feasibility and detailed project reports, engineering, and project management for the construction and commissioning of a railway siding at Machhakata and New Patrapara South coal mines. The contract follows a turnkey depositary mode with cost-plus fees.
Stock performance of RITES for Period of 1 week, 6 months and 1 year:
Over the past week, RITES stock saw a slight decline of 0.26%. In the last six months, it dropped by 34.6%, reflecting a significant downtrend. Over the past year, the stock declined by 41.7%, indicating persistent weakness in performance across extended periods.
Shareholding pattern of RITES:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 72.2 | 72.2 | 72.2 |
| FII | 3.34 | 3.2 | 3.5 |
| DII | 8.83 | 9.63 | 10.78 |
| Retail & others | 15.63 | 14.95 | 13.5 |
About RITES:
RITES Ltd is a leading transport infrastructure consultancy firm in India, specializing in engineering, project management, and consultancy services. It provides solutions for railways, highways, ports, and urban transport, contributing to sustainable infrastructure development in domestic and international markets.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
