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
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
