Titagarh Rail Systems Ltd and Ramkrishna Forgings Ltd plan to jointly set up one of Asia’s largest train wheel manufacturing plants in India, a top executive at the private sector wagon-maker said. India currently imports train wheels mainly from China, and the new venture is expected to make the country a net exporter of wheels, he added.
“The total investment in this project will be about ₹1,000-1,200 crore. We will set up the plant with a capacity to manufacture 200,000 wheels per annum, out of which 80,000 will be supplied to the Indian Railways under a contract. And the balance of 120,000 will be for our requirements," Umesh Chowdhary, vice-chairman and managing director of Titagarh Rail Systems, said.
It also plans to export the wheels to several countries, including Europe.
Bu hikaye Mint Mumbai dergisinin June 17, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin June 17, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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