RKFL & TRSL consortium secures Rs 122.26 bn contract for forged wheels

19 Jun 2023 CW Team

It was stated that in the first year, the consortium of RKFL and TRSL would supply 40,000 forged wheels, followed by 60,000 wheels in the second year. Subsequently, for each consecutive year, they would provide 80,000 wheels according to the terms of the contract. The total value of the contract was estimated to be Rs 122.26 billion.

The Aatma Nirbhar Bharat Initiative, which aimed to reduce India's dependence on imported wheels, had created opportunities for Indian companies to manufacture and supply high-quality forged wheels to the Indian Railways. This initiative was in line with the government's vision of achieving self-reliance by promoting wheel production through private Indian entities. The forged wheels produced under this agreement would cater to various platforms such as LHB coaches, WAG9 locomotives, and Vande Bharat Express trains, meeting the diverse needs of the railways.

To fulfill this project, the consortium of RKFL and TRSL planned to establish a technologically advanced manufacturing facility with an annual production capacity of 200,000 wheels when fully operational. The facility would not only serve the domestic railway sector but also tap into the latent demand from the private sector and export markets. To successfully execute this project, a capital expenditure of Rs 10 to Rs 12 billion would be required. Both companies would contribute equal equity to meet the financial needs and ensure a strong funding structure for the project's capital expenditure.

Naresh Jalan, Managing Director, Ramkrishna Forgings (RKFL), expressed his gratitude for being chosen by the Ministry of Railways for this exceptional opportunity. He stated that the selection of their consortium for this project demonstrated their unwavering commitment to promoting indigenous manufacturing and fostering self-reliance. He further emphasised their determination to deliver superior products that would significantly enhance the performance and safety of the Indian rail network by leveraging their collective capabilities and extensive experience. The consortium eagerly anticipated establishing a long-term partnership with the Ministry of Railways, aiming to contribute to the growth of the Indian railways and promote self-sufficiency.

Also read:
MSL Secures Rs 1 bn contract for Vande Bharat trains component supply
Bengaluru Metro to Expand Tracks to Speed Up Trains

The Ministry of Railways, Government of India, has awarded a contract to a consortium consisting of Ramkrishna Forgings (RKFL) and Titagarh Rail Systems (TRSL) under the Aatma Nirbhar Bharat Initiative. It was announced that the consortium would take responsibility for the manufacturing and supply of 1,540,000 forged wheels over a period of 20 years. It was stated that in the first year, the consortium of RKFL and TRSL would supply 40,000 forged wheels, followed by 60,000 wheels in the second year. Subsequently, for each consecutive year, they would provide 80,000 wheels according to the terms of the contract. The total value of the contract was estimated to be Rs 122.26 billion. The Aatma Nirbhar Bharat Initiative, which aimed to reduce India's dependence on imported wheels, had created opportunities for Indian companies to manufacture and supply high-quality forged wheels to the Indian Railways. This initiative was in line with the government's vision of achieving self-reliance by promoting wheel production through private Indian entities. The forged wheels produced under this agreement would cater to various platforms such as LHB coaches, WAG9 locomotives, and Vande Bharat Express trains, meeting the diverse needs of the railways. To fulfill this project, the consortium of RKFL and TRSL planned to establish a technologically advanced manufacturing facility with an annual production capacity of 200,000 wheels when fully operational. The facility would not only serve the domestic railway sector but also tap into the latent demand from the private sector and export markets. To successfully execute this project, a capital expenditure of Rs 10 to Rs 12 billion would be required. Both companies would contribute equal equity to meet the financial needs and ensure a strong funding structure for the project's capital expenditure. Naresh Jalan, Managing Director, Ramkrishna Forgings (RKFL), expressed his gratitude for being chosen by the Ministry of Railways for this exceptional opportunity. He stated that the selection of their consortium for this project demonstrated their unwavering commitment to promoting indigenous manufacturing and fostering self-reliance. He further emphasised their determination to deliver superior products that would significantly enhance the performance and safety of the Indian rail network by leveraging their collective capabilities and extensive experience. The consortium eagerly anticipated establishing a long-term partnership with the Ministry of Railways, aiming to contribute to the growth of the Indian railways and promote self-sufficiency. Also read: MSL Secures Rs 1 bn contract for Vande Bharat trains component supply Bengaluru Metro to Expand Tracks to Speed Up Trains