Malaysia awarded IRCON International Ltd to design, construct, commission and maintain the proposed electrified double-track rail at the country's Seremban-Gemas sector. IRCON's latest project comes after an earlier Ipoh-Padang Besar project in 2001-2003, for which the Malaysian government had considered the Indian company but later shelved the plan.
Apart from land acquisition, another major cause for concern before the project is cost escalation owing to a fall in the rupee against the Japanese yen.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances