Coal India to get exclusive cargo wagons from Indian railways

25 Dec

The railway ministry on Wednesday signed an agreement with state-owned miner Coal India Ltd (CIL) for procurement and supply of 2,000 high capacity wagons. “On date none of the rail fed power housed are shown as “critical or ‘super critical” as per the report of Central Electricity Authority and around 40 rail fed power houses are presently having coal stocks of 30 days or more”, Piyush Goyal, Minister of State with Independent Charge for Power, Coal and New& Renewable Energy said.

He said the initial investment of Rs. 500 crore would lead to an anticipated investment of Rs. 5000 crore. Shri U.C. Joshi, Executive Director Freight Marketing on behalf of Ministry of Railways and Shri T.K. Sinha, General Manager, Project Monitoring Division on behalf of Coal India Limited signed the MoU. Stating coal as mainstay of Railways, the Minister informed that the two-third of its revenue comes from the coal. The wagons which will be procured by Indian Railways on behalf of CIL will be made available exclusively to meet CIL’s transportation needs.

Mr. Goyal said that the MoU would help in fulfilling the 1 billion tonne target of Coal India. These wagons will be high-capacity wagons of 25-tonne axle load with additional payload of 8 to 10 tonnes over the conventional wagons. The rakes would ramp up coal loading from the Talcher and IB Valley coalfields of CIL subsidiaries Mahanadi Coalfields Ltd (MCL) and South Eastern Coalfields Ltd (SECL) to Paradip and Dhamra ports and the power plants located in the Nagpur and Raipur regions. The maintenance of these wagons will be done by the Railways at their cost. Also, the brake vans will be provided by railways itself. Tri-County Sun Times

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Posted by on December 25, 2015 in Uncategorized



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