Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

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

Open in viewer

Opens in your device viewer

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

==> picture [547 x 75] intentionally omitted <==

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.