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
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?