RITES Ltd. , a premier transport infrastructure consultancy, has signed a Memorandum of Understanding (MoU) with MECON Ltd. to collaborate in identifying business opportunities and jointly pursuing projects. The partnership aims to leverage the complementary strengths of both organisations — RITES' extensive expertise in transport infrastructure and engineering consultancy, and MECON's capabilities in the metal, mining, energy, and allied sectors. The agreement was formalised on July 20, 2026.

Scope of Collaboration

Under the MoU, the two organisations will jointly explore consultancy assignments and infrastructure opportunities across a broad range of sectors. The collaboration covers railways, metro rail, highways, expressways, airports, ports, ropeways, bridges, tunnels, urban transport, energy, water resources, hydropower, wastewater management, and industrial infrastructure. The key parameters of the agreement are outlined below:

About the Organisations

RITES Limited is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India. The company has an experience spanning 52 years and has undertaken projects in over 55 countries across Asia, Africa, Latin America, South America, and the Middle East region. MECON Ltd. is an undertaking under the Ministry of Steel, with established capabilities in the metal, mining, energy, and allied sectors.

Strategic Significance

The strategic alliance is expected to enhance the service offerings of both entities by pooling their respective domain knowledge and resources. By working together, RITES and MECON aim to address the growing demand for comprehensive infrastructure solutions across diverse sectors, both within India and in international markets.

RITES has appointed Shri Vinod Kumar Paswan as Group General Manager (Civil) and Regional Head for the Eastern Region Project Office in Kolkata, effective July 17, 2026. Paswan joins the organization on a deputation basis, bringing over 25 years of experience in railway infrastructure development and project management to the senior management team. This leadership change follows the transfer of Shri Alok Bansal, who has ceased to be part of the senior management effective the same date.

The appointment was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shri Vinod Kumar Paswan is an Indian Railway Service of Engineers (IRSE) officer of the 1998 batch. Prior to joining Rites Ltd , he served as Chief Engineer, Road Safety Works, Eastern Railway.

Profile of New Appointment

Paswan holds degrees from BIT Sindri, IIT Delhi, and NMIMS Mumbai. His career includes leading major railway projects such as track doubling, station redevelopment, bridge construction, and PM Gati Shakti initiatives. He has received the General Manager's Award and the GM Star Performer Award for his contributions to Indian Railways.

Management Changes

The transition involves the cessation of Shri Alok Bansal from the senior management roster due to a transfer to PU Lucknow. The table below summarizes the key details of the management changes effective July 17, 2026.