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L&T bags Rs1,047 cr Indian Railways order

L&T bags Rs1,047 cr Indian Railways order
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First Published: Tue, Jul 08 2008. 02 40 PM IST
Updated: Tue, Jul 08 2008. 02 40 PM IST
Larsen and Toubro Limited (L&T) has bagged a Rs1047.60 crore order from the Indian Railways for setting up a cast steel wheel manufacturing plant in Bihar. The plant will have the capacity to manufacture 100,000 cast steel railroad wheels per annum.
The new plant will help the Indian Railways meet shortage of wheels for rolling stocks due to rapid growth in the passenger and freight traffic and will reduce dependence on imports.
The scope of work for this turnkey project involves engineering, procurement and construction of the complete plant including civil works, electrical installation, design, supply erection and commissioning of machinery and plant.
This is the first instance of an Indian company executing a project of such complexity without any foreign collaboration. The project is to be completed within 2 years.
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First Published: Tue, Jul 08 2008. 02 40 PM IST