L&T secures Rs 1,047 cr order from Railways
Larsen & Toubro has bagged an Rs 1,047 crore order from Indian Railways for setting up a cast steel wheel manufacturing plant at Saran, Bihar.
By ET Online |
MUMBAI: Larsen & Toubro has bagged an Rs 1,047 crore order from Indian Railways for setting up a cast steel wheel manufacturing plant at Saran, Bihar. The plant will have a capacity to manufacture 100,000 cast steel railroad wheels per annum. The project is to be completed in two years.
The new plant will help the Indian Railways meet the huge shortage of wheels for rolling stocks due to rapid growth in the passenger and freight traffic and will reduce dependence on imports.
The new plant will help the Indian Railways meet the huge shortage of wheels for rolling stocks due to rapid growth in the passenger and freight traffic and will reduce dependence on imports.
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