RITES shares rally 8% on signing MoU with Etihad Rail for UAE project

October 9, 2024

Shares of RITES surged 8% after the company signed an MoU with Etihad Rail to explore railway infrastructure development in the UAE. This partnership aims to enhance connectivity, innovation, and sustainable infrastructure, boosting trade routes and operational efficiency. RITES’ shares have increased by 37% over the past year.

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