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SAIL-RITES JV Wins Wagon Contract Worth 818 Cr. from Indian Railways

SAIL-RITES Bengal Wagon Industry Private Ltd., a Joint Venture (JV) between Steel Authority of India Ltd. (SAIL) and RITES, has secured a wagon manufacturing contract valued at Rs. 817.74 crore from Indian Railways.

Under the terms of the contract, the aforementioned JV will supply approximately 2,000 Bogie Open Wagons (BOXNHL) to Indian Railways for the transportation of coal and iron ore. The BOXNHL wagon is an open-topped rail coach primarily utilized for transporting bulk commodities.

SAIL and RITES each have an equal 50% stake in the aforementioned joint venture.