Date of Post: 27 June, 2018
New Delhi: Indian Railways to procure 22,000 wagons at a cost of Rs 7,000 crore. The national transporter may put out the tender for ordering 22,000 wagons worth Rs 7,000 crore in this financial year, according to a report.
Potential of 100,000 wagons in 5 yrs-
- The Railways is set to procure about 100,000 wagons, in the next 5 years, Railways Minister Piyush Goyal said, on 19th June, on the sidelines of Rail Contact 2018 , a recently concluded event in Delhi .
- Of the total 100,000 wagons, Coal India is planning to have at least 50,000, he had said.
- 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 .
- This would be good orders for Texmaco Rail & Engineering, Titagarh Wagons, Jindal Rail and Jupiter Wagons, among other wagon makers .
- The bidding will be done through the reverse e-auction process, where the lowest bidder will be given the order.
- If the lowest bidder isn’t able to serve the entire order, the 2nd lowest bidder would get a chance without a fresh tendering process.
- The Ministry of railways hopes the bulk tender would help it reduce the cost of wagons by at least 15-20 percent.
- On an average, the ministry procures 8,000 wagons a year.
- Indian Railways is ramping up its freight carrying capacity by 1100 MT in the next 2 years as it is hoping to complete the works of 3,300 kilometers long dedicated freight corridors by 2020.
Deepak Kumar is a part of the content team of Rail Analysis India as a writer and analyst .
His focus is on new initiatives on the Railway Sector of India .
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