India: Concor to participate in Angul-Sukinda railway project

Angul-Sukinda lineConcor will participate in Angul-Sukinda railway line (ASRL) project in Odisha, giving a boost to state’s rail infrastructure and development.
Concor has become a stake-holder in the ASRL project by making 26 per cent equity shares investment, a company release said here.
ASRL is one of the most important and infrastructurally crucial railway projects of Odisha.
“Our decision to participate in this new railway line is primarily to promote the development of rail infrastructure and logistics in the state of Odisha,” Anil Kumar Gupta, Chairman and Managing Director of Concor said.
Angul-Sukinda railway line is being constructed under public private partnership (PPP) model for providing a vital alternative rail link to Angul-based steel plants with Keonjhar-Bansapani iron-ore belt and Talcher coal field to Kalinga Nagar industrial belt.
Source: economictimes.indiatimes.com


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