Kolkata, May 25: Maharatna Steel Authority of India Limited (SAIL) today signed a joint venture agreement with Burn Standard Company Limited (BSCL) at Kolkata for setting up a Wagon Components Manufacturing Facility at the premises of BSCL at Jellingham, Purba Medinipore district, in West Bengal, with a capacity to produce 10,000 bogies and 10,000 couplers per annum.
The estimated capital outlay for the project is about Rs 200 crore. The agreement was signed in the presence of West Bengal Chief Minister Mamata Banerjee, Union Minister for Railways Mukul Roy, West Bengal Minister for Industries & Commerce Partho Chatterjee, SAIL Chairman C.S. Verma, Railway Board Member (Mechanical) Keshav Chandra and other senior officials of the West Bengal government, Railway Board and SAIL.
As per the Vision 2020 document of the Railways, the demand for wagons from Indian Railways and other wagon users will go up sharply, thus pushing the demand for wagons and in turn for bogies and couplers in turn. The SAIL-BSCL venture will be able to beat the competition and secure a good share of the market for the new/ upgraded products.