RITES, APEDB Sign MoU To Strengthen Infrastructure Investment

20 Nov 2025 CW Team

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.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..