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RITES has entered into a memorandum of understanding (MoU) with Oil India, the second largest National Oil Company, to develop Duliajan Township, Assam, as a Mini Smart City. As part of the MoU, RITES will undertake an extensive study, review the existing system and prepare a suitable/feasible design to develop Duliajan Township, managed and operated by OIL, as a Mini Smart City. 

The collaboration, aimed at reviving the Township, entails infrastructure works such as review of existing drainage system and design, DPR for integration of Solid Waste Management System, review of road & traffic network and plan for parking facilities. Besides, RITES will offer its expertise for buildings, horticulture and beautification works.

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.

Rites Share Price

227.10 -1.70 (-0.74%)
08-May-2026 16:59 View Price Chart
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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