+
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

Related Stories

Gold Stories

Next Story
Infrastructure Transport

97 Per Cent Of Rongjeng-Mangsang-Adokgre Road Nears Completion

Deputy Chief Minister in-charge of public works Prestone Tynsong said in Shillong on 26 August that 97 per cent physical progress had been achieved on the ongoing Rongjeng-Mangsang-Adokgre road being constructed under the Non-Lapsable Central Pool of Resources (NLCPR). He noted the project was sanctioned in 2017 and that the stipulated time for completion had been 24 months from issue of the final work order. The deputy chief minister informed the assembly that the government had decided to include the remaining work under a World Bank project. In reply to a query from Rongjeng MLA Jim M Sangm..

Next Story
Infrastructure Transport

First TBM Starts Digging Five Point Three Kilometre Tunnel Under SGNP

The Goregaon-Mulund Link Road (GMLR) Phase three (B) project has reached a key milestone as the first tunnel boring machine (TBM) began excavation of the first of two tunnels beneath the Sanjay Gandhi National Park (SGNP). The machine, named Tulsi, started cutting a five point three kilometre bore that will link Dadasaheb Phalke Chitranagari in Goregaon East with Amar Nagar in Mulund West. Officials issued a statement noting the commencement of tunnelling work under the protected green belt. The twin tunnels are being constructed using mechanised tunnelling methods that aim to limit surface di..

Next Story
Infrastructure Transport

UP Approves Two Expressways And Rs 240 bn Infrastructure Push

The Uttar Pradesh Cabinet approved a series of infrastructure and industrial investment proposals totalling Rs 240 billion (Rs 240 bn), including two major expressway projects, a manufacturing and logistics cluster in Sultanpur and incentives for 11 industrial projects across the state. The decisions, taken at a meeting chaired by Chief Minister Yogi Adityanath, underline the state government’s focus on expanding road connectivity around emerging industrial hubs while attracting manufacturing investment to districts beyond major urban centres. The approvals cover both greenfield expressway c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code