In a major boost to Railway Infrastructure and development, the state-run Coal India Ltd has executed a non-binding Memorandum of Understanding (MoU) with Konkan Railway Corporation Ltd at Kolkata, with an intent of core structure development of Coal India and its subsidiaries.
The Memorandum of Understanding MoU was signed by the Director (Technical), Mr. Achyut Ghatak, and Mr. Rajesh Bhadang, Director (Finance), Konkan Railway Corporation Ltd, in the presence of Chairman, Mr. P.M. Prasad, and senior officials from both organizations.
With this agreement the Coal India Ltd which is India’s largest Coal Public Sector Undertaking, will get the rail infra boost through the support of Konkan Railways which is an Indian Public Sector Undertaking. The collaboration will strengthen rail connectivity and improve logistics.
