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Rites Ltd
BSE Code 541556 ISIN Demat INE320J01015 Book Value (₹) 103.37 NSE Symbol RITES Div & Yield % 3.05 Market Cap ( Cr.) 16,147.09 P/E * 34.41 EPS * 19.53 Face Value (₹) 10
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Rites signs MoU with IIT, Mandi Back
(10 Feb 2024)
On 09 February 2024, Rites signed a memorandum of understanding (MoU) with Indian Institute of Technology, Mandi, (IIT Mandi) to collaborate for setting up a ‘Ropeway Centre of Excellence', a venture that aims to bring together RITES' consultancy expertise & technical prowess and IIT-Mandi's academic excellence.

The collaboration entails the construction of a working ropeway at or nearby IIT-Mandi for training, joint research initiatives on ropeway transportation & technology, and intensive training modules for developers, ropeway suppliers, manufacturers, and operators; focusing on developing alternate mobility solutions.