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RITES and DGNP-Mumbai Collaborate for Consultancy Services

Written by: Team Angel OneUpdated on: 7 Nov 2025, 4:11 pm IST
RITES Limited signed an MoU with DGNP-Mumbai to provide consultancy services for upcoming naval infrastructure projects in the Mumbai region.
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RITES Limited has signed a Memorandum of Understanding (MoU) with the Director General of Naval Projects (DGNP), Mumbai. 

The agreement was signed on November 6, 2025, in Mumbai. It outlines the provision of consultancy services for infrastructure projects managed by DGNP-Mumbai.

Scope of Work

As part of the agreement, RITES will handle technical and consultancy tasks related to naval infrastructure. The scope includes soil investigation, feasibility studies, structural and architectural design, preparation of Detailed Project Reports (DPRs), and project management consultancy. It also covers bid management, third-party inspection, and other technical support work.

Implementation Areas

The consultancy services will support DGNP-Mumbai in project planning and execution. RITES’ role involves assisting in the preparatory and technical phases to ensure that the infrastructure work progresses as per requirements.

The collaboration focuses mainly on the Mumbai region, which handles several naval development projects.

About RITES Limited

RITES Limited is a government-owned enterprise under the Ministry of Railways. It has more than 50 years of experience in transport and infrastructure consultancy. 

The company has worked on various projects across 55 countries in Asia, Africa, South America, and the Middle East. Its services include engineering, transport planning, and project management.

DGNP-Mumbai’s Role

The Director General of Naval Projects, Mumbai, is responsible for planning and executing infrastructure works for the Indian Navy in the western region.

The office manages projects related to the construction, modernisation, and maintenance of naval facilities.

Read More: TVS Motor Company Share Price in Focus as Firm Plans ₹288 Crore Stake Sale in Rapido!

RITES Share Price Performance 

As of November 7, 2025, 9:58 AM, RITES share price was trading at ₹241.54, a 1.35% decline from the previous closing 

Conclusion

The MoU between RITES and DGNP-Mumbai sets the framework for technical and project consultancy for naval infrastructure projects in Mumbai. The agreement focuses on delivering studies, designs, and management support required for project execution.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

Published on: Nov 7, 2025, 10:40 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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