Steel Authority of India (SAIL), in a joint venture (JV) with the Indian Railways, is planning to set up a coach manufacturing unit in Kanchrapara, West Bengal, in India.
The proposed unit is a part of SAIL’s Rs200bn ($4bn) expansion and modernisation, about Rs144bn ($2.93bn) of which is planned to be invested on building a 2.3Mt steel unit at Burnpur.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The JV will explore possibilities including manufacturing metro coaches and entering into railway track laying.
SAIL is in talks with a few leading European rail technology companies regarding the manufacturing of coaches for metro trains, the company said.
The unit is expected to produce 1,200 wagons a year and is expected to commence production in 2013-14.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
