Shares of RITES surged 8% after the company signed an MoU with Etihad Rail to explore railway infrastructure development in the UAE. This partnership aims to enhance connectivity, innovation, and sustainable infrastructure, boosting trade routes and operational efficiency. RITES’ shares have increased by 37% over the past year. Shares of RITES surged 8% after the company signed an MoU with Etihad Rail to explore railway infrastructure development in the UAE. This partnership aims to enhance connectivity, innovation, and sustainable infrastructure, boosting trade routes and operational efficiency. RITES’ shares have increased by 37% over the past year. Economic Times