Mumbai, Jul 8: Engineering and construction giant Larsen&Toubro Limited (L&T) has bagged a Rs 1,047.60 crore order from the Indian Railways for setting up a Cast Steel Wheel Manufacturing plant in Saran, Chhapra district of Bihar.
The project has to be completed within two years and the plant, when commissioned, will have the capacity to manufacture one lakh cast steel railroad wheels per annum, L&T said in a release on Wednesday, July 8. The scope of work for this turnkey project involves Engineering, Procurement and Construction of the complete plant including civil works, electrical installation, design, supply erection and commissioning of machinery and plant, L&T stated.
It said that this is the first instance of an Indian company executing a project of such complexity without any foreign collaboration. The only other such plant was set up in Bangalore by the Indian Railways in early 80s with American collaboration. The project is to be completed within a tight schedule of 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.
With the Dedicated Freight Corridor project expected to take off soon, the demand for wheels is also expected to go up considerably, L&T added.