Indian Railways to buy 100,000 more wagons in next 3 years
RAILWAYS & METRO RAIL

Indian Railways to buy 100,000 more wagons in next 3 years

While the demand for coal freight is rising and an aggressive push is diversifying the freight basket, Indian Railways plans to buy another 100,000 wagons in the next three fiscal years.

The procurement plan shall majorly include BOXN wagons, which are used for coal transportation, said a senior official from the Ministry of Railways.

The Indian Railways recently floated a tender of wagons of Rs 35,000 crore, which were in the pipeline from 2018.

The Railways plans to attain higher numbers with encouraging freight numbers in this financial year along with the medium term.

As per the Budget, Indian railways are aiming to increase their annual freight loading to 1,475 mt, having a projected revenue of Rs 1.65 trillion in the year 2022-23.

Under the National Rail Plan (NRP), the central government aims to significantly increase the freight numbers of the national transporter and the modal freight share to 45% by 2030.

As per the estimates of the Indian government, the consolidated demand for freight would be more than 6,300 mt by 2026 and 8,220 mt by 2031.

A total of 1,418 mt were ferried in this fiscal year and the national transporter needs to make it over 2,000 mt by 2024 and 3,600 mt by 2031 for meeting the NRP targets.

Image Source

While the demand for coal freight is rising and an aggressive push is diversifying the freight basket, Indian Railways plans to buy another 100,000 wagons in the next three fiscal years. The procurement plan shall majorly include BOXN wagons, which are used for coal transportation, said a senior official from the Ministry of Railways. The Indian Railways recently floated a tender of wagons of Rs 35,000 crore, which were in the pipeline from 2018. The Railways plans to attain higher numbers with encouraging freight numbers in this financial year along with the medium term. As per the Budget, Indian railways are aiming to increase their annual freight loading to 1,475 mt, having a projected revenue of Rs 1.65 trillion in the year 2022-23. Under the National Rail Plan (NRP), the central government aims to significantly increase the freight numbers of the national transporter and the modal freight share to 45% by 2030. As per the estimates of the Indian government, the consolidated demand for freight would be more than 6,300 mt by 2026 and 8,220 mt by 2031. A total of 1,418 mt were ferried in this fiscal year and the national transporter needs to make it over 2,000 mt by 2024 and 3,600 mt by 2031 for meeting the NRP targets. Image Source

Next Story
Real Estate

Thermocool Home Appliances Invests Rs 300 million in New Ghaziabad Plant

Thermocool Home Appliances, a leading UP-based home and kitchen appliances brand, has inaugurated a new manufacturing facility in Ghaziabad, reinforcing its growth, innovation, and sustainability commitments.Spanning 25,000 square meters, the plant features advanced automation, energy-efficient systems, and employee welfare facilities. With an initial production capacity of 1,800-2,200 units/day, the company plans to scale up to 3,000-4,000 units/day within six months and expand the facility by 50 percent over the next two years.The Rs 300 million investment will cater to rising demand across ..

Next Story
Building Material

Parallel debuts fluted glass collection, redefining luxury interiors

Parallel has launched an exquisite collection of tinted, extra-clear, and designer fluted glass, introducing a new dimension to contemporary interiors.Fluted glass, known for its vertical striations, diffuses light while sculpting silhouettes with a refined aesthetic. Parallel’s range includes smoky tinted variants, pristine extra-clear options, and metallic-infused designs, ideal for partitions, doors, and wall treatments that balance exclusivity with openness.Emphasising sensory design, the collection enhances spaces by creating dynamic light interactions. Crafted for luxury residences, ho..

Next Story
Building Material

Nivasa unveils luxury lighting collection blending artistry and innovation

Nivasa, a leader in luxury furniture design, has launched an exquisite lighting collection inspired by nature, combining sculptural aesthetics with masterful craftsmanship.Crafted from premium 304-grade stainless steel, each piece showcases a refined interplay of organic and sleek forms, offering a range of finishes for bespoke customization. Designed for grand foyers, intimate spaces, and sophisticated interiors, the collection merges contemporary finesse with global design standards.Collection highlights include:Circular Drummer’s Chandelier – A geometric yet fluid design in a light gold..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?