RITES shares jump over 2% after signing MoU with Botswana government for transport infrastructure development

Shares of RITES Limited moved over 2% higher after the company announced that it has signed a Memorandum of Understanding (MoU) with the Government of the Republic of Botswana. The agreement has been executed with Botswana’s Ministry of Transport and Infrastructuremarking an important step in RITES’ expanding international consultancy footprint.

According to the regulatory disclosure, the MoU aims to support the development and modernisation of Botswana’s transport infrastructure, with a primary focus on the railway sector. The collaboration is designed to enhance efficiency, safety and reliability across transport systems by leveraging RITES’ technical expertise, established practices and technology-driven solutions.

Under the terms of the agreement, Botswana may avail technical support from RITES for the development and modernisation of railway systems. This includes assistance related to the supply of rolling stock, commissioning of railway assets, repair and operation support, as well as maintenance services. The scope also extends to the modernisation of railway workshops, which are critical for long-term asset management and operational efficiency.

Beyond railways, the MoU covers a wide range of transport infrastructure projects, including highways, bridges, airports and buildings. RITES will also support capacity-building initiatives by providing technical training programmes, facilitating knowledge exchange and offering quality assurance services. These services include third-party inspections, pre-shipment inspections and final acceptance testing, ensuring adherence to international standards.