K&R Rail Engineering Ltd signs an MOU with South Korean major UNECO for composite sleeper plant

livemint.com:

Ahmedabad (Gujarat) [India], July 9: K&R Rail Engineering Ltd, a leading Railway infrastructure company offering services in laying of track, signalling, electrification and telecommunication in the Railway Industry is proud to announce that it has signed a Memorandum of Understanding (MOU) with UNECO Co. Ltd, a South Korea-based company engaged in the manufacture and sale of industrial machineries, to establish a Composite Sleeper Plant in India. With the estimated cost of Rs.

400 crores, this plant will be located in Nagarnar, near the NMDC Steel Plant in Madhya Pradesh. Elaborating the details about the development, Mr. Amit Bansal, Joint MD and CEO, K&R Rail Engineering Ltd said “We are immensely happy to announce signing an MOU with UNECO Co. Ltd. Under the MOU, this facility will cater to the needs of Indian Railways, DFCC/METROs, Public Sector Undertakings (PSUs), and private corporations. 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." K&R Rail Engineering Ltd, India’s only end-to-end solutions provider specializes in providing comprehensive services for the establishment of private railway sidings on a turnkey basis, encompassing various construction activities related to railway infrastructure.

These services include conducting independent engineering surveys, planning, and project management for private entities. The company undertakes projects across a range of industries such as steel, aluminium, thermal and captive power, major ports, and cement factories. The company has some notable clients like ACC Ltd, BHEL, GMR,