IRCON, which has expertise in development of surface transportation infrastructure, has handled around 300 projects in India and abroad and is currently setting up rail infrastructure in a number of developing countries. SAIL is a major producer and supplier of railway materials.
The MoU is the first step by SAIL and IRCON towards joining hands for efficient execution of public-public and public-private partnership projects of the Railways, as well as participating in rail infrastructure projects in developing countries, a release said here.