Ramkrishna Forgings-Titagarh JV lowest bidder for forged wheels tender

Consortium needs to supply 80K of forged wheels annually over 20-year timeline

In a major boost to Indian Railways’ Make in India plan, a consortium of Ramkrishna Forgings and Titagarh Wagons has emerged as the lowest bidder (L1) for setting up a manufacturing plant in the country, with assured offtake of 80,000 wheels per annum for the next 20 years.

The joint venture made a bid of Rs 12,226 crore for the mega order, beating Bharat Forge, which bid Rs 17,875 crore, and state-owned Steel Authority of India (SAIL), whose bid was the highest at Rs 18,817 crore.

The lowest bid is close to the Railways’ own estimate when it floated the