Rahee Group has revealed its intention to invest as much as Rs 600 crore over the forthcoming three years to broaden its operations and enhance its manufacturing capabilities in essential sectors. The Group aims to secure investments ranging from Rs 400 to 500 crore, with a focus on developing infrastructure and rail technology solutions.
In line with this approach, Rahee Track Technologies, a fully-owned subsidiary of Rahee Infratech, is in the process of establishing a Rs 200 crore foundry in Odisha. This facility will produce cast manganese and steel castings to meet the increasing demand for high-quality rail components.
Furthermore, Rahee Infratech, the principal company, plans to allocate an annual capital expenditure of Rs 60 to 70 crore over the next three years to improve its fundamental infrastructure capabilities. The Group is also set to invest approximately Rs 100 crore in Pandrol Rahee Technologies, in which it possesses a 40 percent stake, to create a dedicated production line for advanced fastening systems and premium rail products.
Additionally, the company is progressing towards sustainable rail solutions by utilizing recycled rubber to mitigate noise and vibration, in response to the growing demand spurred by railway modernization and metro expansion throughout India.
