RITES Surges 6% Following Collaboration with DMRC

18 Jun 2024 CW Team

RITES Limited, a leading engineering consultancy firm, has witnessed a significant surge of over 6% in its stock price following the announcement of a collaboration with Delhi Metro Rail Corporation (DMRC). This partnership aims to leverage RITES' expertise in engineering and consultancy services to support DMRC's ongoing and future projects.

The collaboration between RITES and DMRC is expected to focus on various aspects of metro rail infrastructure development, including project management, engineering design, and implementation support. RITES, renowned for its proficiency in railway and infrastructure projects, will contribute its technical knowledge and capabilities to enhance the efficiency and reliability of DMRC's metro network.

The surge in RITES' stock price reflects investor optimism and confidence in the potential benefits of this strategic collaboration. The partnership with DMRC not only highlights RITES' role in India's infrastructure development but also underscores its commitment to delivering high-quality engineering solutions that meet the nation's transportation needs.

RITES Limited, a Mini Ratna public sector enterprise under the Ministry of Railways, has a proven track record in executing diverse projects across transportation and infrastructure sectors. Its collaboration with DMRC is poised to strengthen both organisations' capabilities in advancing sustainable and efficient metro rail systems in India.

As RITES continues to expand its footprint in the infrastructure consultancy space, the partnership with DMRC is expected to unlock new opportunities for growth and innovation. Together, RITES and DMRC aim to set benchmarks in metro rail development, contributing to India's urban mobility landscape and enhancing commuter experience across major cities.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..