Wagon major to make steel coaches

Written by Corporate Bureau | Kolkata, Feb 26 | Updated: Feb 27 2008, 04:04am hrs
Railway minister Lalu Yadavs announcement that henceforth passenger cars would be made of steel prompted Kolkata-based Texmaco Ltdthe countrys largest freight-wagon builder to announce a new project to make these coaches.

Ramesh Maheswari, president & CEO of the KK Birla engineering major, which had tied up last November with Australias United Group Rail for a 50:50 venture spanning the wagon segment, said Texmaco has already got a pilot order for EMU coaches which it was planning to produce at its existing Agarpara facility.

However, in view of the announcement, the company would choose to go for a green-field project, Maheshwari said. Maheshwari said Indian Railways target of 20,000 wagons translated into a 100% increase over 2007-08. Texmaco, which accounts for 30% of the wagons manufactured in the country, aims to build at least 7,500 wagons during 2008-09. The venture with Australias United Group Rail will design, manufacture and supply wagons as well as locomotive bodies and components. Maheshwari noted that Indian Railways is now ordering stainless-steel wagons, and Texmaco has already begun deliveries of stainless-steel freight cars.