Partnership of Posco E & C and PNC Infratech: beneficial for the infrastructure projects
Posco Engineering & Construction India is a wholly-owned subsidiary of Posco Engineering & Construction Co. Limited which is based in Korea. Posco E & C India has signed a memorandum of understanding (MoU) with PNC Infratech Limited to jointly develop and also execute some infrastructure projects in India and its neighbouring countries.
PNC Infratech is engaged in construction of highways, runways, bridges, flyovers, power transmission lines, development of industrial estates in India for the past two decades and has a good reputation in this field. Yogesh Jain the MD of PNC Infratech Ltd mentioned that this partnership would enable them to bid for larger projects in several key areas, wherein Posco E&C would bring in world-class expertise.
Posco E&C and PNC Infratech will have a special focus to improve the rail and transport infrastructure of the country. They will work in tandem on dedicated rail freight corridors, high speed rail networks, personal rapid transport systems, smart cities, integrated townships, development of industrial regions and other core infrastructure projects.
Posco Engineering & Construction India Chairman, In Hwan Ok is very excited about this partnership. He believes that the proven capabilities of the two companies would give them an edge in bidding for major infrastructure projects in India and the neighbouring countries.
Source- The Statesman
Bridges, Construction of Highways, development of industrial estates in India, Flyovers, Memoranda of Understanding, Posco Engineering & Construction India, power transmission lines, runways, signed a memorandum of understanding
