POSCO signs MOU with PNC Infratech
New Delhi, 16th June 2014: POSCO Engineering & Construction India, a
wholly owned subsidiary of POSCO E&C Co. Ltd., Korea, signed a Memorandum
of Understanding with PNC Infratech Ltd. on June 13, 2014 to jointly develop
and execute infrastructure projects in India and neighbouring countries.
POSCO E&C and PNC Infratech will pitch for infrastructure
projects with a special focus 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.
Mr. In Hwan Ok, Chairman, POSCO Engineering &
Construction India said, “We are delighted to partner with PNC Infratech for pursuing
infrastructure projects in various key areas.
The proven capabilities of our two companies would give us an edge in
bidding for major infrastructure projects in India and neighbouring countries.”
Mr. Yogesh Jain, MD, PNC Infratech Ltd said, “We
have a good track record of successfully executing several infrastructure
projects over the past two decades. This
partnership would enable us to bid for larger projects in several key areas
where POSCO E&C would bring in world-class expertise.”
Huge investments are expected to be made in
infrastructure development in the country in the years ahead, and the vast
experience of POSCO E&C along with the local knowledge and skills of PNC
Infratech, would give this alliance a strong competitive edge.
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About POSCO
Engineering & Construction India
POSCO E&C India
Pvt. Ltd. is a wholly owned subsidiary of South Korean company, POSCO E&C
Co. Ltd., registered under local laws of India, since March-2007. Parent company, POSCO E&C Co. Ltd., is a
general construction company established in December 1994, aiming to be a
global engineering & construction company based on expert engineering
technologies, know-hows, and man powers with skills and experiences from the
integrated steelworks of POSCO Steel, Korea which has one of the world-wide
competitiveness in ironworks. www.poscoenc.in
About PNC
Infratech Ltd.
PNC Infratech Limited
is one of the infrastructure companies, engaged in construction of highways,
runways, bridges, flyovers, power transmission lines, development of industrial
estates and has an established track record of successfully executing several
construction projects on time.
The Company has
executed high value PPP and EPC turnkey projects for core organizations
including National Highways Authority, Military Engineer Service (Ministry of
Defence, Govt. of India), Airport Authority of India, Uttar Pradesh Power
Corporation Limited, RITES Ltd., Madhya Pradesh Road Development Corporation
Ltd. (MPRDC), Uttar Pradesh State Highways Authority (UPSHA), Haryana State
Road & Bridges Development Corporation Limited (HSRDC) and Delhi Sate
Industrial & Infrastructure Development Corporation Ltd. (DSIIDC) and
Public Works Department of various State Governments. www.pncinfratech.com
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