Railways expected to place order for 22,000 Wagons to be procured at Cost of Rs 7,000 Crore

Railways expected to place order for 22,000 Wagons to be procured at Cost of Rs 7,000 Crore

Want create site? With Free visual composer you can do it easy.

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.

More Information:

  • 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.
Did you find apk for android? You can find new Free Android Games and apps.

Leave a Reply

Be the First to Comment!

Notify of
avatar