RITES : Press Release

No. RITES/SECY/NSE

Date: May 28, 2022

To	To
Listing Department,	Corporate Relationship Department,
National Stock Exchange of India Limited,	BSE Limited, Rotunda Building,
'Exchange Plaza', C-1, Block G, Bandra -	P J Towers, Dalal Street, Fort,
Kurla Complex, Bandra (E),	Mumbai - 400 001
Mumbai - 400 051
Scrip Code- RITES	Scrip Code- 541556

Sub: Press Release

Dear Sir,

Please find enclosed herewith a press release titled 'RITES signs MoU with Mizoram Govt for infra works' dated 27th May, 2022.

Kindly take the same on record.

Corporate office: Shikhar, Plot No.1, Sector 29, Gurugram (Haryana) - 122001

Registered Office: SCOPE Minar, Laxmi Nagar, Delhi - 110092

CIN: L74899DL1974GOI007227

Press Release

RITES signs MoU with Mizoram Govt for infra works

Gurugram, May 27, 2022: RITES Ltd., a leading transport infrastructure consultancy and engineering company, signed a memorandum of understanding (MoU) with the Planning & Programme Implementation Department, Government of Mizoram, to leverage the opportunities provided by the National Infrastructural Pipeline (NIP) and boost infrastructural development initiatives of the NorthEastern state.

Hon'ble Minister of State for Railways & Textiles Smt. Darshana Jardosh and Hon'ble Chief Minister of Mizoram

Shri Zoramthanga and other officials during the MoU-signing ceremony in Aizawl on Friday, 27th May 2022.

As per the agreement, signed in the presence of Hon'ble Minister of State for Railways & Textiles Smt. Darshana Jardosh and Hon'ble Chief Minister of Mizoram Shri Zoramthanga, among other dignitaries, the state government, and RITES Ltd. will jointly identify projects in the areas of transport infrastructure as well as highways, buildings, airports, urban engineering, and ropeways, etc.

Executive Director (Privatisation & Concession), RITES Ltd., Mr. Manobendra Ghoshal, said, "The MoU with the Government of Mizoram heralds a new chapter in RITES' journey and paves the way for infrastructural development in the North-Eastern state, where the potential for sustainable and resilient development is immense."

RITES will lend its technical expertise and explore collaborations with the Government of Mizoram in developing industrial and logistic parks, including integrated check posts, signalling & workshops, metro railway systems, urban engineering & sustainability, water, sanitation, infrastructure, and renewable energy, etc., to attract public-private-partnerships and investments in the state.

About RITES Limited:

RITES Limited is a Miniratna (Category - I) Schedule 'A' Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has experience spanning 48 years and has undertaken projects in over 55 countries across Asia, Africa, South America, and Middle East region. RITES Limited is the only export arm of Indian Railways for providing rolling stock overseas (other than Thailand, Malaysia and Indonesia).

For further information, please contact:

Kriti Sharma	Avik Roy
RITES Limited	MSL India
Phone: [phone]	Phone: [phone]
Email:[e-mail]	Email:[e-mail]