Indian Railways is set to put out its largest tender for 22,000 wagons at a cost of at least Rs 7,000 crore in the current financial year. The ET report.
The deal may be a big deal for Texmaco Rail and Engineering, Titagarh Wagons, Jindal Rail and Jupiter Wagons, among other wagon makers.
“This is the largest tender in terms of size as well as the amount that the railways has ever issued,” a rail ministry official said. “The bulk tender is being issued keeping future demand in mind. Currently, we are not able to serve the larger clients as rakes are not available. The ministry is now ensuring the rakes are available to bulk consumers throughout the year,” the official said. Recently, Rail Minister Piyush Goyal had asked the industry to ramp up their wagon manufacturing capacity.
Goyal also said, “Else, the ministry will have no option but import wagons. I have been wanting around 1,000 wagons a month, but what the industry is providing is around 400. If we don’t get the required number… Then don’t come to us asking to increase the import duty on wagons”.
A meeting was held in Rail Bhavan last week between Railway Board officials and wagon manufacturers to discuss issues related to supply of wagons. Railways to issue largest order for 22,000 wagons.
An official said “Our freight carrying capacity would be 2,300-2,400 million tonnes from the existing 1,200 million tonnes in the next two years. The number of wagons required would be massive”.