Indian Railways plans ₹40,000 crore tender for freight wagons
pre-market1 source ↓written by the desknot a recommendation
- tender
- ₹40,000 crore
- over the next
- 100,000 freight wagons
- annual purchases
- 35,000–40,000 wagons
- valued
- 100,000 wagons
- valued
- ₹32,000 crore
Indian Railways is set to issue a ₹40,000 crore tender for 100,000 freight wagons over the next three to four years. This procurement aims to enhance domestic manufacturing and support wagon makers in utilizing their expanded capacity. The first orders are expected in Q2 FY2024, with annual purchases of 35,000–40,000 wagons. ⚙️
This initiative follows a previous tender in 2022 for 100,000 wagons valued at ₹32,000 crore, with some deliveries still pending. The move is likely to boost the manufacturing sector and related industries.
Not investment advice. For informational purposes only.