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SAIL-RITES Bengal Wagon JV bags major order for stainless steel wagons from Indian Railways-The 17th China(Guangzhou)Int'l Stainless Steel Industry Exhibition
11/26/2015 Stainless Steel Industry expo |
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Business Line reported that Indian Railways has signed an assured offtake agreement with SAIL-RITES Bengal Wagon Industry Pvt Ltd to procure 1,200 new stainless steel wagons and rehabilitate 300 wagons every year. According to the agreement, the Railways will procure INR 2,500 crore worth of wagons spread over 10 years.
Mr Hemant Kumar Member Mechanical of Railway Board told BusinessLine “The Railways will do the price discovery for wagons based on the tenders invited. The Railways also has other wagon production units such as Burn Standard and Braithwaite.”
SAIL-RITES Bengal Wagon Industry Pvt Ltd is a 50:50 joint venture between Steel Authority of India and engineering consultancy RITES and has a factory in Kulti in West Bengal, set up at a cost of INR 120 crore. The factory is expected to generate employment for about 400-500 people.
不銹鋼展-2016第十七屆廣州國際不銹鋼工業(yè)展-效果最好的不銹鋼展會-stainless-steel-The 17th China(Guangzhou)Int''l Stainless
Steel Industry Exhibition
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