Kolkata, May 26 (PTI) Pandrol Rahee Technologies on Tuesday said it is targeting a revenue of Rs 1,300 crore over the next three years, banking on rising demand for advanced track systems amid rapid railway modernisation in India and overseas infrastructure expansion.
The company, a partnership between UK-based Pandrol and city-based Rahee Group, said it is strengthening its presence in railway fastening systems and track solutions with a focus on technologies for high-speed rail, Metro networks and freight corridors.
Its solutions currently support over 1,300 km of operational track infrastructure in India, while around 1,100 km of high-speed rail track is under installation, the company said in a statement.
The company plans to introduce 3-4 new products and technologies, including mechanised fastening systems, vibration attenuation solutions and digitally enabled track monitoring systems aimed at reducing maintenance costs by 65-70 per cent and improving component life.
Managing director Pradeep Khaitan said railway infrastructure is witnessing a shift towards technology-driven and high-efficiency systems, creating opportunities for advanced track solutions.
The company also said it plans to raise R&D investments by 50 per cent, focusing on AI-driven predictive maintenance, smart diagnostics and sustainable materials. PTI BSM MNB
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.