RITES signs MoU with Container Corporation of India for project management consultancy services

Transport infrastructure consultancy and engineering firm RITES Ltd, on Monday (June 29), said it has signed a Memorandum of Understanding (MoU) with state-run Container Corporation of India Ltd to collaborate on Project Management Consultancy (PMC) services for logistics infrastructure development.

The collaboration will cover concept-to-commissioning consultancy for development and improvement of CONCOR terminals and establishments. The partnership will leverage RITES' multidisciplinary engineering and project management expertise to support the planning, design, execution and supervision of infrastructure projects undertaken for CONCOR.

"Under the MoU, CONCOR may entrust RITES, on a work-to-work basis, with Project Management Consultancy services from concept to commissioning. These services will include feasibility studies, preparation of Detailed Project Reports, detailed engineering, architectural and structural design, project supervision, quality assurance, and construction management, etc," according to a stock exchange filing.

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The collaboration will support the development and improvement of infrastructure, including multimodal logistics parks, inland container depots, rail-linked terminals, warehouses, railway infrastructure, administrative buildings, roads, utilities and allied facilities.

"Through this partnership, both RITES and CONCOR aim to leverage their respective strengths to facilitate the timely execution of logistics infrastructure projects and contribute to the development of efficient multimodal logistics facilities in the country," it added.

Last month, RITES said it expects its export and turnkey businesses to drive growth in 2026-27 (FY27) after the company closed 2025-26 (FY26) with an all-time high order book of over ₹9,400 crore.

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Rahul Mithal, CMD of RITES, said the company’s international business has revived strongly after a two-year gap, supported by a ₹2,100 crore overseas order book spanning consultancy and rolling stock exports.

Mithal said RITES is also seeing execution pick up in its turnkey business as a younger order book starts moving into the implementation phase. The company expects at least 10-15% growth in turnkey contribution in FY27 and is confident of crossing the ₹10,000 crore order book milestone during the year, backed by steady order inflows and higher execution.

Shares of RITES Ltd ended at ₹206.90, down by ₹1.90, or 0.91%, while shares of Container Corporation of India Ltd ended at ₹473.00, up by ₹3.55, or 0.76%, on the BSE.

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