RITES and Shipping Corporation of India Join Hands to Boost Maritime Logistics

On October 31, 2025, RITES Limited, a leading transport infrastructure consultancy and engineering firm, signed a Memorandum of Understanding (MoU) with the Shipping Corporation of India Limited (SCI), a Government of India enterprise. The partnership aims to strengthen collaboration in maritime logistics and multimodal transport solutions.

Focus of the Collaboration

Under the MoU, both RITES and SCI will work together to improve maritime logistics and shipping operations, ensuring faster and more efficient cargo movement across global routes. The partnership will also focus on developing innovative, cost-effective, and resilient supply chain and logistics models that cater to RITES’ business needs.

In addition, the two organisations will exchange knowledge and build capacity in areas such as supply chain resilience, digital cargo tracking, and logistics planning for high-value consignments.

About RITES Limited

RITES Limited is a Navratna Public Sector Enterprise and a major player in India’s transport consultancy and engineering sector. With over five decades of experience, RITES has completed projects in more than 55 countries across Asia, Africa, South America, and the Middle East.

RITES Share Price Movement

RITES share price (NSE: RITES) stood at ₹246.49 as of October 31, 2025, down by ₹1.37 or 0.55% during the day. The stock opened at ₹246.81 and recorded a day’s high of ₹247.95 and a low of ₹245.73. The company’s market capitalisation is ₹11.85 thousand crore, with a P/E ratio of 33.93 and a dividend yield of 3.06%. Over the past year, RITES shares have traded between a 52-week high of ₹316.00 and a low of ₹192.40.

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About Shipping Corporation of India

The Shipping Corporation of India (SCI) is a government-owned enterprise that manages vessels operating on both domestic and international shipping routes. It plays a key role in India’s maritime trade and logistics infrastructure.

Conclusion

The MoU between RITES and SCI marks a strategic move towards strengthening India’s maritime logistics network. By combining their expertise, both organisations aim to enhance cargo efficiency, improve global connectivity, and create innovative logistics solutions to support India’s growing trade ecosystem.

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