Business Standard
Thursday, May 31, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Railways to go for JVs to enhance rolling stock
Press Trust of India / Tiruchirapalli Oct 23, 2009, 13:12 IST

Railways is embarking on public private model joint venture partnership to produce 1,000 units each of diesel and electric locomotives over 10 years to enhance their rolling stock, according to a Railway Board member.

"It is also planning another JV to produce rolling stock, concentrating on self-propelled vehicles, on the surplus land near Kancharpara Railway Workshop in West Bengal," Praveen Kumar, Member Railway Board (Mechanical), said here.

Partners for these JVs have been shortlisted among global contenders, Kumar added, saying the JVs would be among world leaders in the respective product development.

He said Railways had taken these steps to maintain the steep growth in passenger and freight traffic.

The Railway board member added more funds were needed for production and maintenance of rolling stock.

He said in-house production of locomotives had reached optimum level, with diesel locomotive works at Varanasi and Chitranjan Locomotives in West Bengal producing at their capacity of 250 units each a year. However, modernisation and expansion of these units was not in the pipeline.

Kumar said Railways added 13,000 freight wagons in 2008 and plans to acquire 18,000 units this year.

To a question on the status of the Rs 1,215 crore coach project coming up at Palakkad in Kerala to manufacture passenger wagons, he added the state government was finding it difficult to acquire the necessary 1,000 acres at the proposed venue.

Hence, Railways has proposed to work out the project on a lesser acreage.

The Railway Ministry was also working on installing an industrial belt across the length and breadth of India, fully dedicated to freight mobilization. This is in addition to two freight corridors on the Eastern and Western sectors with funding invited from foreign agencies.

For the Western Corridor, Japanese investors have shown keen interest, he said, and hoped that major inputs on infrastructure and operating system of freight loading would be made feasible in the next few years.

Chief Mechanical Engineer (Workshops), Southern Railways, said orders for supply of six refurbished diesel locomotives, to Benin Railway Administration in Africa, were expected within four weeks.

The locomotives were refurbished at Goldenrock Workshop, which has so far exported 119 metre gauge diesel locomotives to various countries, Kumar said.

Earlier, he had flagged off a refurbished meter gauge locomotive to Mozambique. The workshop had carried out 14 modifications in the locomotive as sought by Mozambique.

Three refurbished passenger coaches of Nilgiris Mountain Railway were also dispatched.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end lower ahead of May F&O expiry
- Parsvnath posts Rs 23 cr loss in Q4
- Educomp net down 57% at Rs 61 cr in Jan-Mar qtr
- DLF Q4 net plunges 39% to Rs 211 cr
- Provogue Q4 net profit down 71% at Rs 1.81 cr
  Read Business news in 
- India's no. 1 Property Site. Click here to know more
- Help a Child Achieve her. Click to know more
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Learn How One City is Running on FOOD SCRAPS.
- 1 billion in saving for Unilever without any tangles.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
- 2 Lac Apartments, 1 Lac House / Plots. Click here
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Vodafone notice on arbitration premature: Govt
- Coal blocks for infrastructure projects get GoM nod
- Tata Motors skids as margins dip at JLR
- Dissidence brewing in state: Senior BJP leaders team up against Modi
- Rupee-sensitive stocks risky for new investors
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us