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 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 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 organisations. 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.”