RITES and CMPDI Join Forces to Tap into Mining and Renewable Energy Potential

1 min read     Updated on 23 Jul 2025, 05:37 PM
scanxBy ScanX News Team
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Overview

RITES Ltd. and Central Mine Planning & Design Institute Limited (CMPDI) have signed a Memorandum of Understanding on July 23, 2025, to collaborate on mining and renewable energy projects. The partnership aims to leverage RITES' international experience and logistics expertise with CMPDI's mining capabilities. They will jointly identify opportunities, conduct feasibility studies, and submit proposals for projects in India and abroad. The collaboration covers mining, renewable energy, and related infrastructure development.

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*this image is generated using AI for illustrative purposes only.

RITES Ltd. , a leading transport infrastructure consultant, has entered into a strategic partnership with Central Mine Planning & Design Institute Limited (CMPDI), a subsidiary of Coal India Limited (CIL). The collaboration, formalized through a Memorandum of Understanding (MoU) signed on July 23, 2025, aims to explore and capitalize on opportunities in the mining and renewable energy sectors.

Strategic Framework for Collaboration

The MoU establishes a framework for RITES and CMPDI to jointly identify, explore, and pursue prospective projects and consultancy assignments. This partnership extends to both domestic and international markets, with a particular focus on mining, renewable energy, and related infrastructure development.

Leveraging Complementary Strengths

Under this agreement, RITES will bring to the table its:

  • International experience
  • Market intelligence
  • Expertise in logistics infrastructure for effective evacuation

These strengths will support CMPDI in:

  • Securing mining projects
  • Undertaking consultancy assignments
  • Designing capacity-building programmes

Scope of Collaboration

The partnership between RITES and CMPDI encompasses several key areas:

  1. Joint Opportunity Identification: Both organizations will work together to identify opportunities in mutually agreed geographies.
  2. Feasibility Studies: Conduct feasibility studies and detailed assessments for mining, power, renewable energy, and related infrastructure projects.
  3. Consultancy Assignments: Collaborate on various consultancy assignments in their areas of expertise.
  4. Joint Proposals: Submit joint proposals for mining and evacuation projects, both in India and abroad.

About RITES Limited

RITES Limited, a Navratna Public Sector Enterprise, is a prominent player in the transport consultancy and engineering sector in India. With a diverse range of services and global reach, RITES has:

  • 51 years of experience in the industry
  • Undertaken projects in over 55 countries across Asia, Africa, Latin America, South America, and the Middle East

This strategic partnership between RITES and CMPDI represents a significant step towards harnessing the potential in mining and renewable energy sectors, leveraging the strengths of both organizations to pursue new opportunities and contribute to infrastructure development.

Historical Stock Returns for RITES

1 Day5 Days1 Month6 Months1 Year5 Years
-0.46%-1.88%-0.71%+3.35%-21.32%+121.92%

RITES Limited Sets Board Meeting for Q1 FY2025-26 Results and Interim Dividend Consideration

1 min read     Updated on 21 Jul 2025, 05:41 PM
scanxBy ScanX News Team
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Overview

RITES Limited has scheduled a board meeting for August 6, 2025, to review Q1 FY2025-26 financial results and consider an interim dividend. The meeting will assess unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. A trading window closure is in effect from July 1, 2025, until 48 hours post-meeting for designated persons and their immediate relatives, in compliance with SEBI regulations.

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*this image is generated using AI for illustrative purposes only.

RITES Limited , a prominent player in the infrastructure consultancy and engineering sector, has announced a crucial board meeting scheduled for August 6, 2025. The meeting agenda includes reviewing the company's financial performance for the first quarter of the fiscal year 2025-26 and deliberating on a potential interim dividend.

Financial Results Review

The board of directors will convene to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. This review will provide stakeholders with insights into the company's performance during the initial months of the new fiscal year.

Interim Dividend Consideration

In addition to reviewing the quarterly results, the board will also deliberate on declaring the first interim dividend on equity shares for the Financial Year 2025-26. This consideration underscores RITES Limited's commitment to delivering value to its shareholders.

Trading Window Closure

In compliance with regulatory requirements and the company's internal "Code of Conduct" under SEBI (Prohibition of Insider Trading) Regulations, 2015, RITES Limited has implemented a trading window closure. This closure affects all designated persons and their immediate relatives, commencing from July 1, 2025, and extending until 48 hours after the conclusion of the board meeting.

Regulatory Compliance

The company has duly informed the National Stock Exchange of India Limited and BSE Limited about the scheduled board meeting, adhering to Regulation 29 read with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and market observers will be keenly watching for the outcomes of this board meeting, particularly the Q1 financial results and any decision regarding the interim dividend. The results of the meeting are expected to be disclosed shortly after its conclusion, providing a clearer picture of RITES Limited's financial health and shareholder returns for the early part of FY2025-26.

Historical Stock Returns for RITES

1 Day5 Days1 Month6 Months1 Year5 Years
-0.46%-1.88%-0.71%+3.35%-21.32%+121.92%
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