Shree Cement Partners with RITES to Enhance Rail Infrastructure

02 Jun 2025 CW Team

Shree Cement has entered into a five-year Memorandum of Understanding (MoU) with RITES, a public sector enterprise under the Ministry of Railways, to enhance the cement company's rail infrastructure network. This partnership aims to facilitate efficient and sustainable transportation of raw materials and finished products across Shree Cement’s manufacturing units.

According to the agreement, RITES will offer comprehensive services from the initial concept stage through to commissioning, focusing on upgrading, renovating, and establishing new rail connectivity. The company also noted that the agreement can be extended with mutual consent.

Neeraj Akhoury, Managing Director of Shree Cement, highlighted the importance of strengthening logistics and supply chain infrastructure as the company expands its manufacturing footprint across India. He described the collaboration with RITES as a strategic move toward creating a more efficient, cost-effective, and sustainable transportation system that supports growth while minimizing environmental impact. However, he did not disclose the number of projects planned under the MoU.

RITES will additionally assist Shree Cement in obtaining the necessary approvals from the Ministry of Railways and other relevant authorities for civil works, signaling and telecommunications, overhead electrification, and mechanical engineering components. The company will also support the contractor selection process by evaluating and certifying the eligibility of executing agencies during tendering.

Deepak Tripathi, Director Technical & Projects (Additional Charge) at RITES, expressed confidence in the company’s ability to deliver integrated and future-ready rail and transport engineering solutions that align with the shared business objectives of both organizations.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..