SAIL RITES Bengal Wagon Industry

SAIL-RITES Bengal Wagon Industry Pvt. Ltd. is a joint venture company of Steel Authority of India Ltd. (SAIL) and RITES Limited (RITES), each holding equal equity stake of 50%. SAIL is a Maharatna PSU and a government company under the administrative control of the Ministry of Steel.[2] RITES, a Miniratna PSU is another government company under the administrative control of the Ministry of Railways. Therefore, SRBWIPL is an entity owned by Government of India (Ministry of Steel and Ministry of Railways).

Officials of RITES and SAIL exchanging the documents of agreement for setting up of a Wagon Factory at Kulti, West Bengal, in the presence of the Union Steel Minister, Shri Virbhadra Singh, in New Delhi on September 14, 2010.

SAIL-RITES Bengal Wagon Industry
TypeState-owned enterprise
(Joint Venture)
Industry
Founded2010 (2010)[1]
Headquarters
Kulti, West Bengal
,
India
Area served
India
Key people
Shri. Debasish Majumdar
(Chairman)
Shri. Sushanta Bhattacharjee
(CEO)
Shri. Shankar Paul
(CFO)
Products
RevenueIncrease ₹263.58 crore (US$33 million) (2020)[1]
Increase ₹15.53 crore (US$1.9 million) (2020)[1]
Owner
Websitesrbwipl.com

SRBWIPL would primarily manufacture wagons including high end specialized wagons for Indian Railways and other domestic and overseas customers. Now, it has also ventured into other business activities like wagon prototyping, rehabilitation of wagons, manufacture of fabricated items / components for railway vehicles etc..[3]

History

State-owned SAIL signed a 50:50 joint venture with Indian Railways arm RITES to construct a wagon- manufacturing unit at Kulti near Asansol in West Bengal. The total investment for the project was estimated at ₹205 crore (equivalent to ₹391 crore or US$49 million in 2020). The proposed factory was planned to be constructed on a 12 acres plot, which belonged to IIISCO Steel Plant, now part of SAIL.[4][5]

The construction work of the plant started after the then Railway Minister and the present Chief Minister of West Bengal Mamata Banerjee inaugurated the project in October 2010. The plant commenced commercial production in December 2016.[6][7]

Owners

Steel Authority of India Ltd. (SAIL)
Main article: Steel Authority of India

Steel Authority of India Limited is a central public sector undertaking based in New Delhi, India. It is under the ownership of the Ministry of Steel, Government of India. It at present is India's one of the largest steel producer with around 17.43 MT of Hot Metal and 16.15 MT of Crude Steel production.

Rail India Technical and Economic Service (RITES)
Main article: Rail India Technical and Economic Service

Rail India Technical and Economic Service Limited, abbreviated as RITES Ltd, is an Indian public sector undertaking and engineering consultancy corporation, specializing in the field of transport infrastructure. RITES is a leading player in the transport consultancy and engineering sector in India and uniquely placed in terms of diversification of services and geographical reach in various sectors such as railways, highways, urban engineering (metros) & sustainability, airports, ports, ropeways, institutional buildings, inland waterways, and renewable energy. The company is the only export arm of Indian Railways for providing rolling stock, other than Thailand, Malaysia, and Indonesia.

Products and services

The wagon manufacturing unit was equipped to handle 1,500 wagons. As per estimates, every year there was a shortfall of 6,000 wagons and the JV was set up to help bridge the gap. SAIL, which at the time of inception of the SRBWIPL had an annual production capacity of about 14 million tons, was to supply its specialized steel products to the proposed wagon-making unit. The then Railway Minister Mamata Banerjee had said that the tentative name of the factory would be the Bengal Wagon Industry. The wagon demand of the country in 2010 was around 25,000 units and it was expected to rise further with dedicated freight corridors coming up. The facility at Kulti was also planned to have a rehabilitation capacity of 300 wagons per annum.[8][9]

See also

References
  1. "SAIL-RITES_Bengal_Wagon_Industry_Private_Limited.pdf" (PDF). 6 September 2021. Archived (PDF) from the original on 8 April 2023. Retrieved 7 April 2023.
  2. "SAIL inks pact with Railways arm for Rs 205-cr wagon-making unit". The Economic Times. 15 September 2010. ISSN 0013-0389. Retrieved 7 April 2023.
  3. "Steel production grows 9%, exports up 60%". www.steel-technology.com. Retrieved 7 April 2023.
  4. "SAIL, RITES ink pact to float joint venture". The Hindu. 14 September 2010. ISSN 0971-751X. Retrieved 7 April 2023.
  5. "Work begins on wagon factory at Kulti". www.projectstoday.com. Retrieved 8 April 2023.
  6. "Kulti railway wagon project to soon begin production". Business Standard. 9 June 2016. Retrieved 8 April 2023.
  7. "SAIL-RITES_Bengal_Wagon_Industry_Private_Limited.pdf" (PDF). 1 July 2022. Archived (PDF) from the original on 8 April 2023. Retrieved 7 April 2023.
  8. "SAIL, RITES in JV to develop wagon unit in WB". Business Standard. 14 September 2010. Retrieved 8 April 2023.{{cite web}}: CS1 maint: url-status (link)
  9. "16 firms in fray for Indian Railways' largest wagon-making order". Moneycontrol. Retrieved 8 April 2023.
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