REC inks pact with RailTel to finance KAVACH, other infra projects

REC Limited signed an agreement with RailTel on Thursday to fund KAVACH Train Collision Prevention System along with many other infrastructure projects in the field of telecom, IT and rail signalling.

“These projects encompass a wide range of areas, including Data Centre products and services, Telecom & IT products and services, Railways & Metro projects, and the KAVACH Train Collision Prevention System,” a statement from RailTel said, adding, that it will fund up to Rs 30,000 crore over the next five years.