Ahmedabad (Gujarat) [India], July 9: K&R Rail Engineering Ltd, a leading railway infrastructure company providing track laying, signalling, electrification and telecommunication services 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 manufacturing and selling industrial machinery, to establish a composite sleeper plant in India. With the estimated cost of Rs. 400 crore, this plant will be located in Nagarnar, near the NMDC steel plant in Madhya Pradesh.
• The plant will be set up in Madhya Pradesh with an estimated cost of Rs. 400 crores
• Earlier, the company had secured a $500 million deal for the world's longest cable car project in Nepal.
Outlining details about the development, Mr. Amit Bansal, Joint Managing Director & CEO, K&R Rail Engineering Ltd, said, “We are immensely happy to announce the signing of an MOU with UNECO Co. Ltd. As per the MOU, this facility will cater to the needs of Indian Railways, DFCC/METRO, Public Sector Undertakings (PSUs) and private corporations This collaboration with a major South Korean company will entail the execution of a composite sleeper plant specifically designed to cater to the diverse clientele mentioned above. The project is expected to be completed within 48 months.”
K&R Rail Engineering Ltd, India's only end-to-end solutions provider, specializes in providing end-to-end services for establishing turnkey private railway sidings, covering various construction activities related to railway infrastructure. These services include conducting independent engineering studies, planning and project management for private entities. The company undertakes projects in a variety of industries such as steel, aluminum, thermal and captive power, major ports and cement factories. The company has some notable clients like ACC Ltd, BHEL, GMR, JSW, Dalmia Bharat to name a few.
Earlier, K&R Rail Engineering signed an MoU for execution of the world's longest ropeway project in Nepal with Muktinath Darshan Private Limited. Estimated to cost $0.5 million, the cable car will connect the Holy Shrine of the Muktinath Temple in the Gandaki province of Nepal. This project will facilitate thousands of devotees to traverse elements at an altitude of 3,700 meters every year to reach the Muktinath Temple.
In terms of financial performance, the company recorded a net profit of Rs. 1.05 crores, total revenue of Rs. 144.72 crore and EPS of Rs. 0.50 in Q3FY24 ended December 31, 2023. For FY2023, the company made a net profit of Rs. 5.27 crores, total revenue of Rs. 308.20 crore and EPS of Rs. 3.34.
K&R Rail has successfully executed railway projects worth more than Rs. 2,500 crores and has executed railway embankment works of more than 20 Lacs Cum. The company has provided consultancy to railway projects to handle more than 50 MTPA traffics on Indian Railway. It has recently added some very specialized product lines that greatly increase margins and volume potential. The company expects a 25% contribution from these value-added products by FY25.
K&R Rail has also opened another subsidiary known as “Robsons Engineering & Constructions Pvt. Limited. Ltd” to meet domestic and global trade requirements to countries directly from the Indian subcontinent. The company is working to utilize existing strengths to address markets and increase its capabilities both in terms of services and products offered.
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• The plant will be set up in Madhya Pradesh with an estimated cost of Rs. 400 crores
• Earlier, the company had secured a $500 million deal for the world's longest cable car project in Nepal.
Outlining details about the development, Mr. Amit Bansal, Joint Managing Director & CEO, K&R Rail Engineering Ltd, said, “We are immensely happy to announce the signing of an MOU with UNECO Co. Ltd. As per the MOU, this facility will cater to the needs of Indian Railways, DFCC/METRO, Public Sector Undertakings (PSUs) and private corporations This collaboration with a major South Korean company will entail the execution of a composite sleeper plant specifically designed to cater to the diverse clientele mentioned above. The project is expected to be completed within 48 months.”
K&R Rail Engineering Ltd, India's only end-to-end solutions provider, specializes in providing end-to-end services for establishing turnkey private railway sidings, covering various construction activities related to railway infrastructure. These services include conducting independent engineering studies, planning and project management for private entities. The company undertakes projects in a variety of industries such as steel, aluminum, thermal and captive power, major ports and cement factories. The company has some notable clients like ACC Ltd, BHEL, GMR, JSW, Dalmia Bharat to name a few.
Earlier, K&R Rail Engineering signed an MoU for execution of the world's longest ropeway project in Nepal with Muktinath Darshan Private Limited. Estimated to cost $0.5 million, the cable car will connect the Holy Shrine of the Muktinath Temple in the Gandaki province of Nepal. This project will facilitate thousands of devotees to traverse elements at an altitude of 3,700 meters every year to reach the Muktinath Temple.
In terms of financial performance, the company recorded a net profit of Rs. 1.05 crores, total revenue of Rs. 144.72 crore and EPS of Rs. 0.50 in Q3FY24 ended December 31, 2023. For FY2023, the company made a net profit of Rs. 5.27 crores, total revenue of Rs. 308.20 crore and EPS of Rs. 3.34.
K&R Rail has successfully executed railway projects worth more than Rs. 2,500 crores and has executed railway embankment works of more than 20 Lacs Cum. The company has provided consultancy to railway projects to handle more than 50 MTPA traffics on Indian Railway. It has recently added some very specialized product lines that greatly increase margins and volume potential. The company expects a 25% contribution from these value-added products by FY25.
K&R Rail has also opened another subsidiary known as “Robsons Engineering & Constructions Pvt. Limited. Ltd” to meet domestic and global trade requirements to countries directly from the Indian subcontinent. The company is working to utilize existing strengths to address markets and increase its capabilities both in terms of services and products offered.
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