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Ramkrishna Titagarh Rail's Rs 2,180 Cr forged wheel project gets financing boost
The Business Guardian
|July 20, 2024
Ramkrishna Titagarh Rail Wheels Ltd (RTRWL), a joint venture between Ramkrishna Forgings Ltd and Titagarh Rail Systems Ltd, is on the verge of achieving financial closure for its Rs 2,180-crore forged wheels project.
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The company has secured statutory clearances and is in the final stages of completing the financial closure process.
The project involves setting up a greenfield manufacturing facility in Chennai with an initial installed capacity of 228,000 wheels per annum. The facility will be built in two phases, with Phase I costing Rs 1,810 crore and Phase II costing Rs 370 crore. The funding for the project will come from a combination of debt and equity in a 70:30 ratio.
यह कहानी The Business Guardian के July 20, 2024 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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