Gurugram: RITES Limited has renewed Memorandum of Understanding (MoU) with Coal India Limited (a Government of India Enterprise) on July 3rd, 2020, for Project Management Consultancy Services of Rail Infrastructure business, and construction of rapid loading system, coal handling plants and silos. This MOU has been renewed for a period of five years.
While in the past, such MOU enabled RITES to achieve a fee income of around Rs. 100 crore per year, the company is expecting increase in it due to additional scope and several projects expected in the pipeline.
About RITES Limited:
RITES Limited is a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. Company has an experience spanning 46 years and has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East regions.
RITES Limited is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).
Source: RITES-Press Release
