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Indian Railways partners with RKFL, TWL to reduce reliance on China

Business Standard LogoBusiness Standard6h ago

Indian Railways partners with RKFL, TWL to reduce reliance on China - Business Standard

Quick Summary:

According to Railways, it has been importing various types of forged wheels required for locomotives and coaching stock (LHB) since the 1960s from the UK, Czech Republic, Brazil, Romania, Japan, China, Ukraine and Russia.

"During the year 2024-25, wheels worth approx Rs 900 Crore were imported from China and Russia/Ukraine and another 40,000 wheels were sourced from Steel Authority of India Limited (SAIL).

Currently, due to the Russia-Ukraine Crisis, the majority of the import requirement of wheels is being met from China," a release from the Railway Ministry said.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-10 @ 22:42:19 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 13 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25045112

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Official Website: business-standard.com

Update Frequency: 307 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

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Publisher ID: #49

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