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SAIL signs MoU with IRCON International

SAIL signs MoU with IRCON International
PTI
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First Published: Sun, Jan 16 2011. 05 21 PM IST
Updated: Sun, Jan 16 2011. 05 21 PM IST
Chennai: Steel Authority of India Ltd (SAIL) has signed a Memorandum of Understanding with IRCON International Ltd, a public sector undertaking established under the Ministry of Railways.
The MoU was signed by the finance directors of SAIL and IRCON in the presence of SAIL Group Chairman C S Verma, a company statement issued here said.
“The MoU is the first step by SAIL and IRCON toward joining hands for efficient execution of public-public and public-private partnership projects of the Indian Railways, as well as participating in rail infrastructure projects in countries where presently there is no infrastructure for evacuation of raw materials,” it said.
“IRCON has already identified a number of projects in which SAI and IRCON can participate jointly,” IRCON MD Mohan Tiwari said.
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First Published: Sun, Jan 16 2011. 05 21 PM IST