Shares of K&R Rail Engineering Ltd surged over 3% after the company announced the signing of a Memorandum of Understanding (MoU) with Indian Port Rail and Ropeway Corporation Limited (IPRCL), a Public Sector Undertaking under the Ministry of Shipping, Government of India.
The MoU aims to facilitate joint execution of large-scale infrastructure projects, including railways, roads, highways, and ports, with project values ranging between Rs 50 crore and Rs 5,000 crore. This strategic collaboration will enhance operational capabilities and expand market reach for both K&R Rail Engineering and IPRCL, focusing primarily on EPC (Engineering, Procurement, and Construction) contracts within India.
The agreement allows both entities to leverage expertise for seamless execution of critical infrastructure projects, positioning K&R Rail Engineering as a key player in India’s growing transportation and logistics sector. The partnership is expected to unlock significant growth opportunities for the company, reinforcing its presence in the domestic infrastructure market.
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