RamkrishnaTitagarh Rail Wheels Ltd (RTRWL), a joint venture between Ramkrishna Forgings Ltd and Titagarh Rail Systems Ltd, is close to finalizing the financial arrangements for its Rs 2,180 crore forged wheels project.
RTRWL has secured the necessary clearances and is in the final stages of arranging funds, according to PrithishChowdhary, RTRWL board member and Deputy Managing Director of Titagarh Rail. The project, located in Chennai, will have an initial capacity of 228,000 wheels per year.
The project will be executed in two phases. Phase I will cost Rs 1,810 crore, and Phase II will cost Rs 370 crore. Funding will be a mix of 70% debt and 30% equity. RTRWL plans to secure Rs 1,530 crore in debt and Rs 650 crore in equity, which will be infused as construction progresses.
Phase I operations are set to begin in April 2026 with a capacity of 114,000 wheels per year. Phase II will add another 114,000 wheels per year and start by 2028-29. Initially, the company will supply up to 80,000 wheels per year to Indian Railways under the ‘Atmanirbhar Bharat’ initiative, with the rest going to private and export markets.
RamkrishnaTitagarh Rail Wheels Ltd, commonly known as Titagarh Rail, is an Indian company specializing in the manufacturing of rail wheels and wheelsets. Located in Titagarh, West Bengal, the company has established itself as a key player in the rail industry, catering to both domestic and international markets.
Titagarh Rail is known for its advanced manufacturing capabilities, which include state-of-the-art technology for producing high-quality rail wheels that meet stringent safety and performance standards. The company plays a crucial role in supporting the growth of the rail infrastructure by supplying essential components that contribute to the efficiency and reliability of rail transportation.
