RITES share price: ‘Navratna’ stock soars 8% on MoU with Etihad Rail | News on Markets
RITES share surged 8 per cent to Rs 324.70 on the BSE in Wednesday’s intraday trade amid heavy volumes after the company said it has signed a Memorandum of Understanding (MoU) with Etihad Rail for rail infrastructure works in UAE.
RITES is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. Etihad Rail is the developer and operator of the UAE National Rail Network.
Click here to connect with us on WhatsApp
The MoU aims to explore cooperation and synergise strengths in developing railways and related infrastructure services in the UAE and…
