RITES Limited — Updates, 19-11-2024: Press Release

RITES Ltd. has signed a Memorandum of Understanding (MoU) with the National Institute of Solar Energy (NISE) to collaborate on Quality Assurance (QA) services for solar and renewable energy projects. This strategic partnership aims to combine RITES’ quality assurance expertise with NISE’s leadership in solar energy research and technology. The focus will be on executing QA projects in areas such as solar photovoltaic (PV), solar thermal applications, green hydrogen, and other renewable energy sectors. Within this framework, RITES will handle QA services, while NISE will provide research, training, and technological support, enhancing renewable energy infrastructure and promoting skill development initiatives. This collaboration could position RITES favorably in the growing renewable energy market, presenting potential growth opportunities for investors.