Business briefs

Railway consultancy firm RITES on Monday said that it has achieved excellent rating with respect to the memorandum of understanding signed for 2018-19 with the Ministry of Railways. "RITES has achieved MOU score as 100 out of 100 i.e. Excellent rating in respect of MOU signed for the year 2018-19," the company said in a filing to BSE.

Being a Central Public Sector Enterprises (CPSE), every year RITES signs memorandum of understanding (MOU) with its administrative ministry i.e Ministry of Railways. This MOU measures various financial and other performance parameters. * * * * * * BHEL wins order for electric buses * State-owned engineering firm BHEL on Monday said it has won a prestigious order for supply of state-of-the-art electric buses along with charging infrastructure of these buses for Gorakhpur city. The order has been placed by the Urban Transport Directorate (UTD), Lucknow, a BHEL statement said.

The low floor, disabled-friendly electric buses will be deployed by UTD at the Gorakhpur airport. Further as part of transformation journey, the BHEL is consolidating and reinvigorating the initiatives taken in defence and aerospace, water, e-mobility, batteries, renewables and transportation businesses, it added..