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Palakkad coach project receives only one bid

Friday, 20 Dec 2013
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Indian Railways has received only one bid for its rail coach factory project at Kanjikode in Palakkad in Kerala.


The project, being developed on PPP basis, has received the bid from CSR China. The rail coach factory, estimated to cost Rs 550 crore, will produce 400 stainless steel and aluminum coaches in a year. The railways has taken over 230.10 acre for the project.


In September 2013, the company had invited RfQs for the project with plans to award the contract within FY14. The final short-listing will be done by the end of December 2013. 


Further, the Indian Railways will hold 26 per cent equity in the project, subject to a cap of Rs 60 crore.

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