K&R Rail Engineering Appoints New Independent Director, Reports Mixed Quarterly Results, and Announces Subsidiary Dissolution
K&R Rail Engineering Limited has appointed Ashwani Kumar Soni as Additional Independent Director for a five-year term starting July 1, 2025, while Rabindra Kumar Barik completed his tenure. The company reported a decline in financial performance, with standalone revenue at ₹8,797.00 cr (-11.27% YoY) and net profit at ₹58.00 cr (-56.72% YoY). Consolidated revenue stood at ₹8,808.00 cr (-38.09% YoY) with net profit at ₹57.00 cr (-82.08% YoY). The board approved the dissolution of its dormant Dubai subsidiary, K&R Global LLC-FZ, and reconstituted various committees.
07Mar 25
K&R Rail Engineering Shares Rise 4% on Major MoU Signing with IPRCL for Projects Up to ₹5,000 Crore
K&R Rail Engineering Limited has signed an MoU with Indian Port Rail and Ropeway Corporation Limited (IPRCL) to execute infrastructure projects valued between ₹50 crore to ₹5,000 crore in railways, roads, highways, and ports, both in India and internationally. The partnership aims for mutual growth and expansion in the infrastructure sector. Following the announcement, K&R Rail Engineering's stock price increased by 4%, and the company reported a 523.30% year-on-year growth in Q3 FY25 net profit, reaching ₹6.42 crore.
06Mar 25
K&R Rail Engineering Inks Major MoU with Indian Port Rail and Ropeway Corporation
K&R Rail Engineering Limited has signed an MoU with Indian Port Rail and Ropeway Corporation Limited to execute infrastructure projects in India and abroad. The agreement covers projects ranging from ₹50 crore to ₹5,000 crore, including railways, roads, highways, and ports. The partnership focuses on EPC contracts in Phase-II and is not a related party transaction.