SAIL signs agreement with IRCON for rail projects

MUMBAI: Maharatna PSU Steel Authority of India Ltd (SAIL) today inked a memorandum of understanding (MoU) with IRCON International for jointly working on rail infrastructure projects both in India and abroad.

IRCON, which has expertise in development of surface transportation infrastructure, has handled around 300 projects in India and abroad and is currently setting up rail infrastructure in a number of developing countries. SAIL is a major producer and supplier of railway materials.

The MoU is the first step by SAIL and IRCON towards joining hands for efficient execution of public-public and public-private partnership projects of the Railways, as well as participating in rail infrastructure projects in developing countries, a release said here.