RITES signs MoU with CRIS to explore rail tech opportunities; Stock marginally up

13 Jul 2022 , 12:14 PM

RITES Ltd., the leading Transport Infrastructure Consultancy and Engineering company has signed a memorandum of understanding (MoU) with Centre for Railway Information Systems (CRIS), to explore information technology-based opportunities in the railway sector and new-age areas.

According to the filing, the MoU will facilitate both entities to leverage each other’s expertise and collaborate to drive digitalization in railway technologies. Together, CRIS and RITES will be working on national and international projects.

“With this partnership, the parties will devise smart, intelligent IT solutions for railway operations, apart from modernizing existing technology and telecommunication in the sector”, the  company said.

Sanjay Gupta, Chief Information Technology Officer, RITES Ltd., said, “The MoU with CRIS will help in offering state-of-art solutions to our clients and will pave the path towards building the digital future as we continue to innovate and leverage our technical expertise across the world.”

At around 12:18 PM, Rites was trading at Rs233.15 per share up by Rs1.2 or 0.52% from its previous closing of Rs231.95 per share on the BSE.