RITES Ltd signed a Memorandum of Understanding with Hindustan Petroleum Corporation Limited on August 7, 2026, to provide consultancy services for railway siding infrastructure across HPCL facilities, the transport consultancy and engineering company said in a BSE filing. The RITES HPCL MoU covers support for projects from concept through commissioning.

Under the agreement, RITES will undertake feasibility studies, final location surveys, detailed project reports and detailed engineering. Its scope also includes project management consultancy, construction supervision and coordination with Indian Railways for statutory approvals.

Consultancy scope under the MoU

  • Development of new railway sidings and rail connectivity
  • Upgradation of existing rail infrastructure
  • Engineering, supervision and project management services
  • Coordination for statutory approvals from Indian Railways

The companies signed the MoU at a ceremony in Mumbai. The filing did not disclose any consultancy fee, project value or implementation schedule.

The collaboration is intended to strengthen rail-based logistics infrastructure for the efficient movement of petroleum products. It will support HPCL's plans for new railway sidings and connectivity while also covering upgrades to infrastructure already operating across its facilities.

RITES said its railway infrastructure and project management capabilities would be used to improve logistics efficiency and support HPCL's infrastructure development initiatives. HPCL is a Maharatna central public sector enterprise under the Ministry of Petroleum and Natural Gas.

What the exchange disclosure says

RITES submitted the press release to BSE and the National Stock Exchange under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company's shares are listed under the symbol RITES on NSE and scrip code 541556 on BSE.

For investors, the disclosure adds a public-sector energy company to RITES' rail infrastructure consultancy engagements, although the announcement does not quantify the commercial impact.

RITES is a Navratna public sector enterprise operating in India's transport consultancy and engineering sector. According to the company, it has 52 years of experience and has undertaken projects in more than 55 countries across Asia, Africa, Latin America and the Middle East.

The MoU brings together RITES' rail consultancy expertise and HPCL's petroleum logistics requirements. Its execution scope extends from early-stage assessment and engineering to supervision, commissioning support and regulatory coordination. Further financial or project-specific details, including the number and location of facilities to be covered, were not provided in the exchange announcement.