RITES Limited has signed a Memorandum of Understanding with Central Mine Planning & Design Institute Limited (CMPDI), a subsidiary of Coal India. The agreement was signed on July 23, 2025, in Ranchi. It aims to jointly pursue mining, renewable energy, and related infrastructure projects.
Both companies will work together to identify and evaluate potential projects in India and internationally. The focus will be on mining, power, renewable energy, and evacuation infrastructure. They will jointly submit proposals and carry out consultancy assignments where required.
RITES will contribute its experience in logistics, infrastructure, and project delivery. CMPDI will offer mine planning, geological, and environmental engineering expertise. The work will include feasibility studies, assessments, and technical support across select regions.
The partnership covers both domestic and global assignments. Projects will be chosen based on mutual agreement, and may involve planning, design, consultancy, or infrastructure execution. Capacity-building initiatives may also be taken up jointly where applicable.
RITES is a government-owned consultancy and engineering company under the Ministry of Railways. It has completed infrastructure projects in more than 55 countries. The company provides services in transport, logistics, and related sectors.
Read more: RITES Secures ₹46.82 Crore Turnkey Order for Karnataka College Projects!
CMPDI is a public sector company fully owned by Coal India Limited. It offers consultancy and planning services in coal mining and mineral exploration. Its functions include geological studies, mine design, and environmental planning.
As of 9:53 AM on July 24, 2025, RITES share price was trading at ₹274.40, a ₹1.00 increase.
The MoU provides a formal structure for joint work between RITES and CMPDI. Both companies will coordinate on specific assignments across mining and renewable sectors based on shared capabilities and areas of interest.
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: Jul 24, 2025, 10:46 AM IST
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