Ramkrishna-Titagarh consortium look for ‘ideal’ sites for train wheel plant

Reportedly, a consortium of Titagarh Wagons and Ramkrishna Forgings is in the process of identifying a cost-effective location to set up one of Asia’s largest train wheel manufacturing plants. The Ramkrishna Titagarh Rail Wheels Limited will be established with state-of-the-art German technology and machinery. It will have a capacity of 0.2 million wheels per annum. It is expected that investments to the tune of Rs 100 billion will be required for the same. The decision regarding the location of the plant will be made post discussion with IR. The factors that crucial for finalising the location will be incentives, easy access to source raw material, and cost-effective transport of finished goods. The consortium has won the tender concerned with an aggressive bid of Rs 122.26 billion.