K&R Rail Engineering Limited has announced a strategic Memorandum of Understanding (MoU) with Indian Port Rail and Ropeway Corporation Limited, a Public Sector Undertaking under the Ministry of Shipping, Government of India. The partnership aims to execute major railway, road, highway, and port infrastructure projects ranging between ₹50 crore and ₹5000 crore across India and abroad.
Key Highlights of the MoU:
- Scope: Execution of large-scale railway, road, highway, and port projects.
- Project Value: Ranges from ₹50 crore to ₹5000 crore.
- Nature of Work: The collaboration includes EPC (Engineering, Procurement, and Construction) projects in Phase-II development.
- Joint Venture Agreement: Establishing a long-term JV for civil projects up to ₹5000 crore.
- Domestic Partnership: The agreement is not a related party transaction and involves no promoter group interest.
Strategic Growth & Expansion
This partnership aligns with K&R Rail Engineering’s vision for seamless growth and infrastructure expansion, allowing both organizations to leverage their expertise for large-scale infrastructure development. The MoU is expected to drive economic growth and connectivity while strengthening India’s transport infrastructure.
With this collaboration, K&R Rail Engineering Limited is set to play a pivotal role in enhancing India’s railway and port infrastructure, reinforcing its position in the transportation and logistics sector.
