RITES Ltd a public sector undertaking (PSU) of Indian Railways signed a (MoU) with MECON Ltd, a PSU under the Ministry of Steel, on Monday signed a Memorandum of Understanding (MOU) to pursue business opportunities and projects together.
Under the MoU, RITES and MECON will jointly explore consultancy assignments and infrastructure opportunities across railways, metro rail, highways, expressways, airports, ports, ropeways, bridges, tunnels, urban transport, energy, water resources, hydropower, wastewater management, and industrial infrastructure in India and abroad.
The partnership aims to benefit from RITES’ expertise in transport infrastructure and engineering consultancy, and MECON’s capabilities in the metals, mining, energy, and infrastructure sectors.
