RITES signs MoU with Crisil to develop data-driven infrastructure consultancy solutions

Transport infrastructure consultancy and engineering firm, RITES Ltd, on Wednesday (May 27), said it has signed a Memorandum of Understanding (MoU) with CRISIL Ltd to jointly develop integrated, data-driven infrastructure consultancy solutions.RITES said the partnership will combine its transport infrastructure and engineering consultancy capabilities with CRISIL’s strengths in data intelligence, analytics, research and market insights.

Under the MoU, both organisations will explore consultancy assignments and infrastructure opportunities across sectors, including 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 collaboration will focus on strengthening analytical and advisory support for infrastructure projects through market intelligence, data validation, financial due diligence, valuation support and development of analytical models for consultancy assignments undertaken by RITES.Shares of RITES Limited ended at ₹206.25, up ₹1.05 or 0.51%, on the BSE, while shares of CRISIL Limited ended at ₹3,988.55, down ₹27.75 or 0.69%.