The company stated that this collaboration will encompass consultancy services for new rail connectivity, logistics and allied infrastructure, including rapid loading systems (RLS/SILO) and conveyor systems, at Pasighat for NHPC's 2880-MW Dibang Multipurpose Project (MPP) in Arunachal Pradesh.

Pawan Chowdhry, vertical head, RITES, said, “The strategic partnership between RITES and NHPC complements the expertise of both organizations. Leveraging its core strength, RITES, as a project management consultant, will provide comprehensive and efficient solutions for developing Rail Infrastructure and allied facilities for NHPC.”

NHPC is the largest organization for hydropower development in India. It has also diversified in the field of solar & wind power. As of 30 June 2023, the Government of India held 70.95% 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 June 2023, the Government of India held 72.20% stake in the company.

Shares of Rites rose 1.03% to Rs 482.70 while those of NTPC shed 0.50% to Rs 49.85 on the BSE.