Signs MoU with Damodar Valley Corporation for rail infrastructure and connectivity works
The company signed an MoU with Damodar Valley Corporation (DVC) to cooperate in development, upgradation, renovation and construction of rail infrastructure and connectivity to DVC's power plants and captive coal mining areas.
By ScoutQuest · · 1 min read
- MoU Signed
- MoU with Damodar Valley Corporation (DVC)
- Scope of Cooperation
- development, upgradation, renovation and construction of rail infrastructure and connectivity
- Systems Covered
- Rapid Loading Systems and Re-tractable OHE systems
What was announced
The company has informed the stock exchanges that it has signed a Memorandum of Understanding (MoU) with Damodar Valley Corporation (DVC).
Scope of the MoU
The cooperation covers the development, upgradation, renovation and construction of rail infrastructure and connectivity to DVC's power plants and captive coal mining areas.
- Associated Rapid Loading Systems (RLS/CHP/SILO)
- Re-tractable overhead electrification (OHE) systems
What the company said about the nature of the work
The company states that the above is in the ordinary course of business.
How to read this
An MoU is a framework for two organisations to work together on the areas listed in it. The update sets out the scope of cooperation and identifies the areas involved: rail infrastructure and connectivity to DVC's power plants and captive coal mining areas, along with the associated loading and electrification systems.
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