REC signs Rs 30,000 cr MoU with Railtel
New Delhi: REC has signed an MoU with RailTel today, paving the way for financial support of up to Rs 30,000 cr for diverse Infrastructure Projects over the upcoming 5 years.
This collaboration encompasses a spectrum of initiatives, spanning from Data Center services and telecom & IT solutions to pivotal Railway and metro projects, including the groundbreaking KAVACH Train Collision Prevention System.
Read Also : SBI become Trading Cum Clearing Member of IIBXThis MoU also opens doors for potential financing of overseas ventures in High-Speed Rail, metro, IT networks, and Railway Network Upgradation, fostering bilateral infrastructure discussions in Southeast Asia and Eastern Africa.
Read Also : India and France joint military Exercise SHAKTI commencesThe MoU signing, graced by key dignitaries from REC and RailTel, witnessed the formal agreement between Sh. T.S.C. Bosh, Executive Director (Infra & Logistics) REC and Sh. Jasmeet Singh Marwah, Company Secretary, RailTel. Sh. Vivek Kumar Dewangan, CMD, REC; Sh. Ajoy Choudhury, Director (Finance) and Sh. V.K Singh, Director (Projects) REC and other esteemed officials were present during the MoU signing.
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