Rs.400cr Composite Sleeper Plant to be completed in 48 months, says Bansal
K&R Rail Engineering Ltd https://krrailengg.com/ , a leading Railway infrastructure company listed on NSE/BSE, and UNECO Co Ltd of Seoul https://unecogroup have signed a MoU to set up a Rs.400 crore Composite Sleeper Plant in Nagarnar, near the NMDC Steel Plant in Madhya Pradesh.
“This collaboration with South Korean major will see the execution of a Composite Sleeper Plant specifically designed to service the diverse clientele mentioned above. The project is expected to be completed within a timeframe of 48 months,” elaborated Amit Bansal, Joint MD and CEO, K&R Rail Engineering Ltd https://www.nseindia.com/ .
The facility will cater to the needs of Indian Railways, DFCC/METROs, Public Sector Undertakings (PSUs), and private corporations https://www.bseindia.com/ , he said.
K&R Rail has also opened another subsidiary known as ‘Robsons Engineering & Constructions Pvt Ltd’ to meet the domestic and global trade requirements to the countries directly from the Indian sub-continent http://krx.co.kr . The company is working towards utilizing the existing strengths to address the markets and augmenting it capacities both in terms of offered services and products http://indianrailways.gov.in .
One of its recent contracts include an MoU for execution of the world’s longest cable car project in Nepal with Muktinath Darshan Private Limited. The project will facilitate thousands of devotees who trek through elements to an altitude of 3,700 metres every year to reach the Temple of Muktinath. Fiinews.com
