K&R Rail Engineering Limited announced that it has signed a memorandum of understanding (MoU) of up to Rs 5,000 crore, with Indian port Rail and Ropeway Corporation Limited.
 
In an exchange filing, K&R Rail Engineering said, “This is to inform the Exchange that the Company, K&R Rail Engineering Limited, has entered into a Memorandum of Understanding with Indian Port Rail and Ropeway Corporation Limited, Public Sector undertaking under Ministry of Shipping, Government of India for executing major Railways, Roads, Highways, Ports and other projects of larger volume in range of Rs 50 crore to Rs 5,000 crore for mutual benefit and seamless Growth of both the Organisations within India and Abroad.”

The MoU has been signed for executing major Railways, Roads, Highways, Ports and other projects of larger volume in the range of Rs 50 crore to Rs 5,000 crore for mutual benefit and seamless Growth of both the Organisations, K&R Rail Engineering Limited and Indian port Rail and Ropeway Corporation Limited within India and Abroad, K&R Rail Engineering said.