Tata Steel enters into MoU with RITES
13th Apr 2022

Tata Steel and RITES have entered into a memorandum of understanding (MoU) to synergise their expertise. RITES and Tata Steel would collaborate to offer services in the areas of railway rolling stock exports and enhance infrastructural capabilities for buildings, airports, urban engineering, and information technology. They would also explore capacity enhancement for urban mass rapid transport, including metro railway systems, for domestic and overseas markets.

As part of the MoU, RITES will provide expertise in design, marketing, operation & maintenance, and support required for tapping domestic as well as overseas markets, while Tata Steel’s New Materials Business (NMB) division will undertake the development and manufacturing of customised products as per the clients’ requirements in coordination with RITES.

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.