K&R Rail Engineering Limited has signed an MOU with M/s. UNECO Co. Ltd., for setting UP Composite Sleeper Plant in India to service Indian Railways, DFCC/METRO's, PSU and Private Corporations. The estimated cost of the Project is around INR 4,000 million and will be established at Nagarnar near NMDC Steel Plant in Madhya Pradesh.

Time period by which the order is to be executed is 48 months.