South Western Railway and JSW Minerals Rail Logistics Pvt Ltd signed an agreement for rail cargo on October 17.
Under the General Purpose Wagon Investment Scheme, seven specialised hopper wagons will be used to load and unload iron ore.
An agreement was signed on October 17 between SWR and JSW for the operation of seven BOBSNS (Hopper wagon), a special type of wagon with side discharge arrangement for unloading/loading iron ore from the mines at Mineral Enterprises Ltd Siding, Sasalu & Swamihalli to the steel plant of JSW at Toranagallu.
"This marks the first agreement of its kind in SWR. The rake is manufactured by Titagarh Rail System Limited, Kolkata, and the first rake is expected to be operational from April 2024," as mentioned in the statement.
"JSW is investing Rs 29.57 crore per rake, with a 10 percent rebate granted to the customer on base freight for every booking. The introduction of BOBSNS (Hopper wagon) will simplify the unloading process through wagon tippler or manual methods," it said.
Sanjeev Kishore, general manager of SWR, has expressed SWR's commitment to providing full support to its customers and hopes that this agreement will enhance the efficiency of iron ore transportation.
According to a statement from SWR, "This scheme of Indian Railways enables the freight customer to invest in leasing of wagons, offering a rebate on freight, thereby incentivising the transportation of bulk cargo by rail. The customer benefits from the ready availability of wagons and reduced freight costs. In the long term, initiatives like GPWIS have the potential to strengthen the supply chain for 'core sector' industries in the country and reduce logistics costs.
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