RITES Limited — Updates, 19-02-2025: Press Release

RITES Ltd. has forged a strategic collaboration with the Central Water and Power Research Station (CWPRS) through a Memorandum of Understanding (MoU). This partnership aims to enhance engineering consultancy services and R&D projects focused on water resources, marine, and inland waterways infrastructure. By leveraging RITES’ extensive experience in transport infrastructure consultancy and CWPRS’ advanced research capabilities, the initiative seeks to deliver innovative solutions that bolster project efficiency and sustainability. This collaboration presents opportunities for future growth in marine and hydropower sectors and may significantly impact RITES' positioning in the consultancy market. Investors should monitor developments in this partnership for potential positive implications on RITES' project portfolio and market presence.