NEW DELHI (Metro Rail News): The consortium of Ramakrishna Forgings and Titagarh Wagons has won the bid to manufacture and supply 80,000 forged wheels annually for 20 years under the “Make in India” project. The successful bidder will manufacture wheels for semi-high-speed and high-speed trains and will be required to produce 80,000 wheels annually after the initial three years.
The consortium’s bid of Rs. 12,226 crore was lower than Bharat Forge’s quote of Rs. 17,875 crore and SAIL’s bid price of Rs. 18,817.5 crore. According to officials, although the expected cost of establishing a production unit is around Rs. 1,000 crores, the anticipated business volume is over Rs. 15,000 crore.
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