Indian Railways inks deal with RINL to build India's biggest Forged Wheel plant in Raebarelli
The Indian Railways inked an agreement with Rashtriya Ispat Nigam Limited (RINL) to set up the country’s biggest Forged Wheel plant at Lalganj, Raebarelli in Uttar Pradesh.
The Plant to be set with an investment of about Rs 1100 crore will manufacture 1 lakh Forged Wheels per annum in the first phase. The capacity of the plant could be enhanced to double in the second phase to produce 2 lakhs Forged Wheels. The factory likely to be operational in around 3 years, and would provide direct employment to 500-600 local people and an indirect employment opportunity to about 2,000 people.
The plant will bring down India’s dependence on imports of high speed forged wheels for trains. Forged wheels are stronger wheels required in the rolling stock for running longer trains at higher speed. The forged wheel factory will require about 50,000-60,000 tonnes of steel, which will be sourced from RINL’s plant in Vizag.
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Month: Current Affairs - October, 2013
Category: Places in News Current Affairs