Ramakrishna Forging: Titagarh Wagons emerge lowest bidder in forged wheels project

NEW DELHI: Three For 20 years, major players including a PSU bid for the production and supply of 80,000 forged wheels each year. The consortium Ramakrishna Forgings And Titagarh Wagons They have offered the lowest price, leaving behind SAIL And Bharat Forge This project.
Sources While Ramkrishna Forgings-Titagarh Wagons consortium has quoted Rs 12,226 crore, Bharat Forge has quoted Rs 17,875 crore. Steel major SAIL set the bid price for Rs 18,817.5 cr.
The Under the terms of the auction, wheels are manufactured by the winning bidder “Make in India” Project will be used in high speed semi-high speed and high speeds trains. Officials The estimated cost of setting up an industrial production unit is approximately $2,500 Rs It is estimated that the business volume will exceed 1,000 crore. Rs 15,000 crore.
As The bid document states that the winning player will need to produce 80,000 wheels within the first three years. After that, it will be necessary to make 80,000 wheels each year.
The Railway Board Tender was launched with the intention to decrease dependence on wheel import. As The railways will purchase nearly 80,000 forged trains wheels as an assured take-take. Rs 600 crore annually from the proposed facility The The manufacturer can export the forged wheel to Europe Upon meeting the railway requirements, other countries may be added.

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