REC signs MoU with RailTel to finance infra projects in telecom, IT and railway signalling

REC Limited signed an memorendum of understanding (MoU) with RailTel to extend financial assistance upto Rs 300 billion for infrastructure projects to be executed by RailTel in next five years.

These projects encompass a wide range of areas, including data center products and services, telecom and IT products and services, railways and metro projects, and the KAVACH train collision prevention system. Additionally, the MoU extends to the possibility of financing overseas ventures related to high-speed rail, metro, IT network, and the upgradation of railway network, as part of bilateral country discussions and infrastructure projects in Southeast Asia and Eastern Africa where RailTel is currently focusing.