SWR partners with JSW for seven rake operation
ECONOMY & POLICY

SWR partners with JSW for seven rake operation

South Western Railway (SWR) and JSW Minerals Rail Logistics had entered into an agreement under the General Purpose Wagon Investment Scheme (GPWIS) for the operation of seven specialised hopper wagons to load and unload iron ore.

SWR stated that the scheme of Indian Railways allowed the freight customer to invest in leasing wagons and offered a rebate on freight, thus incentivising transportation of bulk cargo by rail. In the long term, policies like GPWIS, by facilitating a shift from road to rail, had the potential to strengthen the supply chain for the core sector industries in the country and reduce logistics costs.

It was noted that this agreement marked a first for SWR. The rake had been manufactured by Titagarh Rail System in Kolkata, and the first rake was expected to be operative from April 2024. JSW Minerals Rail Logistics was investing Rs 290.5 million per rake. A 10% rebate on base freight was granted to the customer for every booking. The agreement had been signed by A Sundar, Chief Commercial Manager/Freight Marketing, SWR, and Sushil Nowal, Executive Vice-President (Planning and Logistics), JSW, in the presence of SWR principal officials such as Satya Prakash Shastri, Aravinda Herle G, and JSW Logistics General Manager Manmohan Shetty.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

South Western Railway (SWR) and JSW Minerals Rail Logistics had entered into an agreement under the General Purpose Wagon Investment Scheme (GPWIS) for the operation of seven specialised hopper wagons to load and unload iron ore. SWR stated that the scheme of Indian Railways allowed the freight customer to invest in leasing wagons and offered a rebate on freight, thus incentivising transportation of bulk cargo by rail. In the long term, policies like GPWIS, by facilitating a shift from road to rail, had the potential to strengthen the supply chain for the core sector industries in the country and reduce logistics costs. It was noted that this agreement marked a first for SWR. The rake had been manufactured by Titagarh Rail System in Kolkata, and the first rake was expected to be operative from April 2024. JSW Minerals Rail Logistics was investing Rs 290.5 million per rake. A 10% rebate on base freight was granted to the customer for every booking. The agreement had been signed by A Sundar, Chief Commercial Manager/Freight Marketing, SWR, and Sushil Nowal, Executive Vice-President (Planning and Logistics), JSW, in the presence of SWR principal officials such as Satya Prakash Shastri, Aravinda Herle G, and JSW Logistics General Manager Manmohan Shetty.

Next Story
Infrastructure Urban

RBI to Withdraw Rs 1.5 Trillion via 8-Day VRRR Auction

The Reserve Bank of India (RBI) has announced an eight-day Variable Rate Reverse Repo (VRRR) auction to be held on Thursday, with the objective of withdrawing Rs 1.5 trillion from the banking system. This move comes amid a significant liquidity surplus, which stood at Rs 3.03 trillion as of Tuesday, according to the central bank’s latest data.VRRR operations are a key liquidity management tool used by the RBI to absorb excess cash from the financial system and align short-term interest rates with the policy repo rate. By conducting such auctions, the RBI aims to maintain monetary stability a..

Next Story
Building Material

India Must Curb Imports to Shield Aluminium Sector: ALEMAI

The Aluminium Extrusion Manufacturers Association of India (ALEMAI) has urged the government to revise import duties, review free trade agreements (FTAs), and implement policies that encourage domestic consumption in order to mitigate the impact of increased US tariffs on aluminium imports.Speaking at the curtain raiser event of ALUMEX India 2025, India’s first dedicated aluminium extrusion exhibition, ALEMAI President Jitendra Chopra stated that although the industry has an installed capacity of three million tonnes per annum, only 1.2 million tonnes are currently utilised. In contrast, imp..

Next Story
Infrastructure Transport

Push Renewed for Ganjam Greenfield Airport Project

The long-standing demand for a Greenfield Airport in Ganjam district, Odisha, has regained momentum as local residents and leaders renew calls for swift action from both the state and central governments. Despite prolonged discussions over the years, a final decision on a suitable location is yet to be taken.The urgency intensified after the central government identified land for a greenfield airport just 30 km away, at Baruva in neighbouring Andhra Pradesh. In response, Odisha’s Transport Minister has urged authorities to establish a similar facility at Subani village, located close to the ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?