Ramkrishna Titagarh Rail Wheels Gears Up for Rs 2,180 Crore Chennai Plant

Ramkrishna Titagarh Rail Wheels is nearing financial closure for its ambitious Rs 2,180 crore forged wheels project in Chennai, Tamil Nadu. The project is set to bolster India's rail infrastructure by producing high-quality forged wheels domestically.

The project will unfold in two phases. Phase I, with an investment of Rs 1,810 crore, focuses on establishing the initial production capacity. Following this, Phase II will add further capabilities with an additional Rs 370 crore investment. Together, these phases aim to meet the growing demand for forged wheels in the rail industry.

Funding for the project is strategically planned, combining debt and equity in a 70:30 ratio. This approach ensures a balanced financial structure, leveraging both borrowed funds and shareholder equity to support the significant investment required.

Crucially, the company has secured all necessary statutory clearances, paving the way for smooth project execution. This milestone highlights the project's compliance with regulatory standards and readiness for the next stages.

With financial closure imminent, Ramkrishna Titagarh is poised to commence this transformative project. The development promises to enhance the rail sector's self-reliance and contribute to the local economy, marking a significant step forward in India's manufacturing capabilities.

News by Rahul Yelligetti