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Rites, Oil India tie up to develop Duliajan Township as mini smart city

08-Dec-23 15:31Hrs IST

As part of the MoU, Rites will undertake an extensive study, review the existing system and prepare a suitable or feasible design to develop Duliajan Township, managed and operated by Oil India, as a mini smart city.

The said collaboration, aimed at reviving the township, entails infrastructure works such as review of existing drainage system and design, DPR for integration of solid waste management system, review of road & traffic network and plan for parking facilities. Besides, the company will offer its expertise for buildings, horticulture and beautification works.

Oil India is a state-owned Maharatna under the administrative control of India's Ministry of Petroleum and Natural Gas. As of 30 June 2023, the Government of India held 56.66% stake in the company.

Rites, a Miniratna (Category-I) Schedule 'A' public sector enterprise, is a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. As of 30 September 2023, the Government of India held 72.20% stake in the company.

Shares of Rites declined 1.70% to Rs 476.05 while those of Oil India rose 1.17% to Rs 320 on the BSE.

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