Posted 14th August 2008 | No Comments

Indian Companies Signal Growth In Rail Market

Orders in a global market with an estimated growth of seven to eight per cent and worth $7 billion annually.

BANGALORE –based McML, a railway signalling contract company set up in 1999 with a staff of two, has expanded to employ 747 people and acquired expertise in railway signalling system design used in the UK, Australia and Malaysia.

Led by former Indian Railway officials, the company is enjoying dramatic growth driven by domestic and international orders in a global market with an estimated growth of seven to eight per cent and worth $7 billion annually.

The company’s UK clients are Network Rail, Thales, first Engineering, Corus Rail, Grant Rail, JACOBS and Westinghouse and Indian Railways and Delhi Metro in its domestic market.

Kalindee Rail Nirman Ltd, another company with expertise in signalling and track laying set up by a former railway official is also benefiting from market growth. Its client list includes Indian Railways, Konkan Railway, Bharti Telecom, Mumbai Port, Adani Port, Tata Steel, Vedanta Alumina, OCL India and Reliance Energy, and the company is now looking towards contract opportunities at Mumbai Metro and Bangalore Metro as well as dedicated rail freight corridor work.