RITES has received approval from board of directors for acquiring 13% stake i.e. 1573 equity shares of Rs 10 each of Elicius Energy and signing of the agreement with it. The company is supporting the startup in development of tubular PEM Hydrogen Fuel Cell Stack of 500-1000 watt capacity and in order to guide the above developmental project.
The Board of Directors of RITES at their Meeting held on December 30, 2020, has approved the same.
RITES is a multi-disciplinary consultancy organization in the fields of transport, infrastructure, and related technologies. It provides a comprehensive array of services under a single roof and believes n transfer of technology to client organizations.
Company Name | CMP |
---|---|
Engineers India | 221.95 |
Rites | 686.80 |
Pitti Engineering | 857.05 |
Kennametal India | 2530.10 |
MTAR Technologies | 1896.80 |
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