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K&R RAIL ENGINEERING LIMITED — Capital/Financing Update 2024
Aug 12, 2024
59363_rns_2024-08-12_dda79548-2df8-4277-89d0-48bcf83adf2a.pdf
Capital/Financing Update
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Date: 31/07/2024
To
BSE Limited, Phiroze Jeejeebhoy Toweres, Dalal Street, Fort, Mumbai-400001.
Dear Sir/Madam,
Unit: K&R Rail Engineering Limited (BSE Scrip Code: 514360)
Sub:- Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Work Order dated 27.07.2024 obtained by K&R Rail Engineering Limited from Fomento Resources Private Limited, 102, 1[st] Floor, Kamat Metropolis-1, Behind Caculo Mall, St. Inez, Panaji, North Goa-403001.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), this is to inform the Exchange that the Company has Obtained Work Order dated 27.07.2024 from Fomento Resources Private Limited, 102, 1[st] Floor, Kamat Metropolis-1, Behind Caculo Mall, St. Inez, Panaji, North Goa-403001 towards Design, Consultancy and Railway approvals in Phase-I and execution of the Project on EPC in Phase-II for provision of Railway Siding facilities in Kaley Station in Hubballi Division of South Western Railway. The total estimated cost of the Project is Rs.110 Crores.
The details as required under Regulation 30 of the Listing Regulations read with SEBI circular No.CIR/CFD/CMD/4/2015 dated September 09, 2015 is attached herewith as “Annexure 1”.
This is for the information and records of the Exchange, please.
Thanking you,
Yours Sincerely,
FOR K&R RAIL ENGINEERING LIMITED
Digitally signed by MANGAVALLY MANGAVALLY NARASIMHAM NARASIMHAM Date: 2024.08.12 13:03:04 +05'30'
N. NARASIMHAM COMPANY SECRETARY
1
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Annexure 1
| Name of the entity awarding the order(s)/contract(s): |
M/s. Fomento Resources Private Limited |
|---|---|
| Significant terms and conditions of order(s)/contract(s) awarded in brief; |
Design, Consultancy and Railway approvals in Phase-I and execution of the Project on EPC in Phase-II for provision of Railway Siding facilities in Kaley Station in Hubballi Division of South Western Railway |
| Whether order(s) / contract(s) have been Awarded by domestic/international entity |
Domestic Entity |
| Nature of order(s) / contract(s); | Design, Consultancy and Railway approvals in Phase-I and execution of the Project on EPC in Phase-II for provision of Railway Siding facilities in Kaley Station in Hubballi Division of South Western Railway |
| Whether domestic or international | Domestic |
| Time period by which the order(s)/contract(s) is to be executed |
18 months |
| Broad consideration or size of the | Rupees 110 Croresin Phase-II |
| Whether the promoter/ promoter group / group companies have any interest in the entity that awarded the order(s)/contract(s) ? If yes, nature of interest and details thereof |
No |
| Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at “arms length” |
No-Does not fall in Related Party Transactions. |