Indian Railways eyeing good times? See what it has done now

Indian Railways eyeing good times? See what it has done now

In what could be seen as a definitive sign of an uptick in freight movement, Indian Railways has revised its wagon requirement to 15,000 during the current year, which is almost double the actual procurement of 8,000 in the last fiscal. The revised requirement is also higher than 12,000 indicated earlier. Finance minister Arun Jaitley had said in his Budget speech that 12,000 wagons, 5,160 coaches and approximately 700 locomotives are to be procured during this financial year.

According to Indian Railways officials and industry players, the upward revision has been triggered by an improved demand from existing Railways network. This, without considering major upcoming projects like dedicated freight corridors.“As per traffic data, the annual requirement of around 15,000-plus wagons is projected in 2018-19,” an official of Railway Board’s store directorate said in a recent meeting to decide on the Railways’s requirements for the current financial year.

According to the official, this revision has been triggered by improved loading of freight on wagons. Read More

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