RITES has signed a memorandum of understanding with the Andhra Pradesh Economic Development Board (APEDB) to provide consultancy services aimed at boosting investment in infrastructure and industrial development across the State.

Under the MoU, RITES will offer technical expertise across key consultancy domains, including feasibility studies, Detailed Project Reports, project management consultancy, bid management and third-party inspection and audit services. The collaboration spans sectors such as transport systems, ports, waterways, power, water and wastewater, buildings and wider industrial infrastructure.

RITES, a public sector enterprise, is a major player in India’s transport consultancy and engineering sector, with diversified services and a significant international footprint. It also serves as the only export arm of Indian Railways for supplying rolling stock overseas, excluding Thailand, Malaysia and Indonesia.

The company reported a 32.24 per cent increase in consolidated net profit to Rs1.09 billion in Q2 FY26, compared with Rs825 million in Q2 FY25. Revenue from operations rose 1.45 per cent year-on-year to Rs5.49 billion for the quarter ended 30 September 2025.

Shares of RITES declined 0.83 per cent to Rs250.35 on the BSE.