Rolta India and Hitachi India announced that they have entered into an MoU for jointly addressing significant market opportunities in high growth business segments in India.

The companies will work closely together to explore strategic business collaborations for infrastructure systems in large verticals, to offer comprehensive and seamlessly integrated solutions.

KK Singh, chairman and managing director of Rolta said, "We are very glad to forge a partnership with Hitachi India. This will enable us to not only broaden the scope of our solutions, but also to leverage Hitachi's world-wide presence to extend our market reach for mutual benefit of both companies."

Shares of the company gained Rs 5.3, or 3.25%, to trade at Rs 168.15. The total volume of shares traded was 462,310 at the BSE (10.19 a.m., Wednesday).