Indian Railways Awards Rs 818 Cr Wagon Contract to SAIL-RITES
SRBWIPL, a Joint Venture Company (JVC) of SAIL and RITES with each holding an equal equity stake of 50%, has received a Letter of Acceptance (LoA) from Indian Railways for the manufacturing and supply of 2000 BOXNHL Wagons. SAIL, a Maharatna PSU under the Ministry of Steel, and RITES, a Navratna PSU under the Ministry of Railways, jointly operate SRBWIPL.
The total contract value is approximately Rs 817.74 crore, and the project is slated for completion by June 30, 2026.