Joint venture of SAIL and Rites bags order for supply of wagons from railways
The joint venture (JV) of public-sector companies Steel Authority of India (Sail) and Rail India Technical and Economic Service (Rites) has bagged an order worth Rs 8.2 billion. This contract is to supply 2000 open bogie wagons.
Earlier railways awarded contracts to supply 12,000 wagons of the same type to four private-sector manufacturers: Besco, Hindustan Engineering and Industries (HEI), Jupiter Wagons, and Titagarh Rail Systems.
Also Read: Jupiter Wagons Bags Order From Indian Railways Worth Rs 957 Crore