PSU RAILWAY STOCK IN THE NEWS AFTER LARGE ORDER WIN

is an arm of Indian Railways and works for and on behalf of the Ministry of Railways for projects assigned to it for execution. It works on a turnkey basis and undertakes the full cycle of project development from conceptualisation to commissioning including stages of design, preparation of estimates, calling and award of contracts, project and contract management. The company has been in the news after it has received LOA from Southern Railway for Rs 145.34 crore towards Design, Supply, Erection, Testing & Commissioning of Traction Sub Stations in Salem Division.