RITES, KOEL sign MoU to explore business avenues
Gurugram, December 16th, 2022: RITES Ltd., the leading Transport Infrastructure Consultancy and Engineering company, signed a memorandum of understanding (MoU) with Kirloskar Oil Engines Ltd. (KOEL) to jointly explor e business opportunities for supplies/services in the areas of 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 the development and manufacturing of customized products.
Mr. Manobendra Ghoshal, Chief Strategy Officer (CSO), 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 strengt hen each other’s operations in promoting smart and sustainable infrastructure.”
Mr. Vinod Menon, Vice President, KOEL, said, “The strategic partn ership between RITES and KOEL leverages t he strengths of both or ganisations. While we, at KOEL, are focused on developing world-cl ass products and ser vices, RITES has outstanding design, technical expertise, and marketing capabilities. We look forward to a long an d fruitful association.”
RITES CSO Mr. Manobendra Ghoshal & KOEL MD Ms. Gauri Kirlos kar at the MoU-signing ceremony in Gurugram
About RITES Limited:
RITES Limited, a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise, is a leading player in the transpo rt consultancy and engineering sector in India, having diversified services and geographical reach. With experie nce spanning 48 years, the company has undertaken projects in over 55 countries across Asia, Africa, South Ame rica, and 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 Kirloskar Group, is amongst the leading and largest manufac turers of diesel engines. With the most extensive service networks, the company has business interests in variou s sectors such as manufacturing, oil and gas, power, construction and mining, agriculture, industry and transport.
