CIN: L74899DL1974GOI007227
Press Release
Gurugram, April 12, 2022: RITES Limited, a leading transport infrastructure consultancy and engineering company, today entered into a memorandum of understanding (MoU) with Tata Steel Limited to synergise their expertise.
RITES and Tata Steel would collaborate to offer services in the areas of railway rolling stock exports and enhance infrastructural capabilities for buildings, airports, urban engineering, and information technology. They would also explore capacity enhancement for urban mass rapid transport, including metro railway systems, for domestic and overseas markets.
As part of the MoU, RITES will provide expertise in design, marketing, operation & maintenance, and support required for tapping domestic as well as overseas markets, while Tata Steel’s New Materials Business (NMB) division will undertake the development and manufacturing of customized products as per the clients’ requirements in coordination with RITES.
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 47 years and has undertaken projects in over 55 countries across Asia, Africa, South America, and Middle East region. RITES Limited is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).
Tata Steel Limited, established in 1907, is an integrated steel plant and its New Materials Business is a division that offers world-class innovative solutions in Composites and Graphene. The Tata Steel New Materials Business division operates in a range of product segments including railway interiors, infrastructure, and industrial applications.
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