Commenting on the Railway Budget, Mr. Rajiv Mundhra, Director, Simplex Infrastructures ltd. said, "The Railway Budget is a forward-looking one. The Budget is promising for laying off new line to the extend of 25000 Km. for next few years and 1000 Km. for this financial year. The Railway Minister’s statement on much awaited freight corridor and dedicated passenger corridors can be interesting for this sector. This budget provides PPP format and 100 days target to resolve issues coming out of it. Further, the announcements such as no increase in freight tariff, and increased outlay for metro rail project are certainly encouraging for companies like us who can utilize the expertise to deliver these projects effectively.”
About Simplex Infrastructures Ltd (BSE SCRIP ID: SIMPLEXIN, NSE SCRIP ID: SIMPLEXINF, Bloomberg; SINF IN, Reuters: SMCP.BO): Incorporated in 1924, Simplex Infrastructures Limited is the largest pure play civil construction & engineering contractors in India, with more than eight decades of successful operations and completion of about 2300 projects in India and abroad. Simplex Infrastructures has presence across various construction verticals, which include piling, industrial plants, power plants – thermal; nuclear; hydel; urban infrastructures & utilities, buildings and housing, marine, roads; railways; bridges & elevated corridors
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