The Indian Railways has awarded a significant wagon manufacturing contract valued at Rs 817.74 crore to the joint venture of Steel Authority of India Limited (SAIL) and Rail India Technical and Economic Service (RITES). The joint venture, SAIL-RITES Bengal Wagon Industry Pvt. Ltd. (SRBWIPL), secured the tender for 2000 Bogie Open Wagons (BOXNHL) in the last week of April 2024.
Joint Venture Details
SAIL-RITES Bengal Wagon Industry Private Limited (SRBWIPL) is a Joint Venture Company (JVC) of SAIL and RITES, each holding an equal equity stake of 50%. SAIL, a Maharatna PSU, operates under the Ministry of Steel, while RITES, a Navratna PSU, is overseen by the Ministry of Railways.
Continue reading this tender report
Full tender news is for subscribers. Start a 15-day free trial to read the rest. No card needed, and it does not auto-charge.
Already subscribe? Sign in · See all plans