RITES, KOEL sign MoU to explore business avenues

The collaboration with KOEL will create a platform to explore business avenues around the globe and facilitate knowledge sharing to strengthen each other's operations in promoting smart and sustainable infrastructure.

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RITES CSO Mr. Manobendra Ghoshal & KOEL MD Ms. Gauri Kirloskar at the MoU-signing ceremony in Gurugram
RITES CSO Mr. Manobendra Ghoshal & KOEL MD Ms. Gauri Kirloskar at the MoU-signing ceremony in Gurugram
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GURUGRAM (Metro Rail News): RITES Ltd., the leading Transport Infrastructure
Consultancy and Engineering company signed a memorandum of understanding (MoU) with Kirloskar Oil Engines Ltd. (KOEL) to jointly explore business opportunities for
supplies/services in the Export of Railway Rolling Stock, Infrastructure and Urban Transport for domestic and overseas markets.

As part of the MoU, RITES will provide expertise in design, marketing, operation &
maintenance, and any other support required for tapping business opportunities, while KOEL will be responsible for developing and manufacturing customized products. Mr Manobendra Ghoshal, Chief Strategy Officer (CSO) at RITES, said, “The collaboration with KOEL will not only create a platform to explore business avenues around the globe but also facilitate knowledge sharing to strengthen each other’s operations in promoting smart and sustainable infrastructure.”
Mr Vinod Menon, Vice President, KOEL, said, “The strategic partnership between RITES
and KOEL leverages the strengths of both organizations. While we at KOEL are focused on developing world-class products and services, RITES has outstanding design, technical expertise, and marketing capabilities. We look forward to a long and fruitful association.”

About RITES Limited:
RITES Limited, a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise, is a leading player in India’s transport consultancy and engineering sector, having diversified services and geographical reach. With experience spanning 48 years, the company has undertaken projects in over 55 countries across Asia, Africa,
South America, and the Middle East region. It is the export arm of Indian Railways for providing rolling stock overseas.
About KOEL:
Kirloskar Oil Engines (KOEL), a flagship company of the Kirloskar Group, is amongst the leading and most prominent manufacturers of diesel engines. With the most extensive service networks, the company has business interests in various sectors such as manufacturing, oil and gas, power, construction and mining, agriculture, industry and transport.

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