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Logistics

Indian Railway to acquire 18,000 new wagons this fiscal

7/4/2009 12:37:00 PM

New Delhi, June (EPC News): During 2009-10, the Indian Railways plan to acquire 18,000 new wagons against 11,000 in 2008-09.

Announcing this in Parliament, the Minister of Railways, Mamata Banerjee, said that there was a growing demand for wagons in railways. The ministry also proposes to take over the wagon units of Burn Standard Co Ltd (BSCL) and Braithwaite & Co Ltd (BCL), under the Ministry of Heavy Industries.

During the year 2008-09, the Government released Rs 8.38 crore to BSCL, Rs 3.76 crore to BCL for modernization and upgradation of production facilities. The proposal to acquire acquire 18,000 new wagons is good news for the domestic wagon manufacturing firms. The minister also proposed premium freight service for container movement with assured transit time and a mega logistic hub alongside eastern and western dedicated freight corridors.