RITES inks MoU for loco maintenance; stock rises

Madhu Balaji Updated - June 12, 2024 at 11:40 AM.
File image | Photo Credit: SRIRAM MA

RITES Ltd has signed a memorandum of understanding (MoU) with Eastern Railway’s Andal Diesel Shed in Asansol Division, West Bengal, for the repair and maintenance of diesel-electric locomotives owned by RITES and other clients at the Andal Diesel Shed facility.

According to the stock exchange filing, RITES will secure or identify opportunities for higher schedule repairs, while Andal Diesel Shed will execute the maintenance work. 

RITES stock rose 1.66 per cent to trade at ₹686.85 on the NSE as of 10.27 am.

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Published on June 12, 2024 06:10
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