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RITES Limited has signed a Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) to provide comprehensive consultancy support across major infrastructure and industrial sectors. The agreement covers feasibility studies, detailed project reports, project management, bid management, and third-party inspection. It extends to transport, ports, waterways, power, water systems, buildings, and industrial infrastructure. The partnership is expected to strengthen project planning and execution while helping the state attract new investment and improve long-term development outcomes.
RITES Limited has signed an MoU with the Andhra Pradesh Economic Development Board (APEDB) to strengthen the planning and development of infrastructure and industrial projects across the state. Under this understanding, RITES will provide a wide range of consultancy services, including feasibility studies, preparation of detailed project reports (DPRs), project management consultancy, bid management, along with third-party inspection and audit. Advertisement
The scope of work includes transport networks, ports, inland waterways, power systems, water and wastewater management, buildings, and industrial infrastructure. Officials highlighted that the partnership is designed to support the state in improving the quality of project preparation while creating conditions that encourage domestic and international investments.
RITES, a government-owned engineering and consultancy firm, has long-standing expertise in transport and infrastructure planning. It also acts as the export arm of Indian Railways for rolling stock. In its recent quarterly results, the company recorded a consolidated net profit of INR 109.10 crore in the second quarter of FY26, compared to INR 82.50 crore during the same period last year, supported by revenue of INR 548.74 crore.
The MoU also aligns with Andhra Pradesh's broader development approach. In the past year, the state has signed several sector-specific MoUs, including notable agreements in aerospace, defence, and large-scale data centre investments amounting to thousands of crores. These steps indicate the state's push to build a more structured and investor-friendly growth environment supported by strong technical partnerships.
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