RITES and MECON Sign Memorandum of Understanding to Explore Infrastructure Opportunities
Gurugram, July 20, 2026: RITES Ltd., a leading transport infrastructure consultancy, has formalized a strategic partnership with MECON Ltd, an undertaking under the Ministry of Steel. The collaboration is set up to jointly identify business avenues and pursue projects by leveraging the combined strengths of both organizations.The Memorandum of Understanding (MoU) aims to bring together RITES' extensive expertise in transport infrastructure and engineering consultancy with MECON's capabilities spanning metal, mining, energy, and allied sectors.
Under the partnership, the two companies will collaboratively explore opportunities for consultancy assignments and large-scale infrastructure projects. The scope of work is wide, encompassing railways, metro rail, highways, expressways, airports, ports, ropeways, bridges, tunnels, urban transport, energy, water resources, hydropower, wastewater management, and industrial infrastructure. This collaboration focuses on delivering integrated infrastructure solutions in both the Indian domestic market and international markets.
RITES Limited, recognized as a Navratna Public Sector Enterprise, has a long-standing history in the transport consultancy and engineering sector in India. The company possesses 52 years of experience and has successfully executed projects across over 55 countries, with operations spanning Asia, Africa, Latin America, South America, and the Middle East region.
RITES Stock Price Movement
RITES Limited shares edged up today, settling at ₹219.94 after the market close and posting a 0.97% gain. Trading concluded with a volume of 520,553 shares as the stock closed in positive territory.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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