JSPL to Adani Logistics, private sector bigwigs join Railways wagon scheme

The railways through its Indian Railway Finance Corporation (IRFC) arm leases out general purpose vehicles on a rental scheme

The opening up of private investment in general-purpose wagons (GPWS) by the railways has invoked interest from at least eight big companies. These are from cement, steel, iron ore and aluminium sectors.
 
The scheme of allowing firms to own wagons, of the fleet of Indian Railways, is likely to attract more investors. State-run Coal India (CIL), too, is set to join, with likely orders of Rs 20 billion, for around 500 rakes. 
 
The eight companies —JSW Cement, Jindal Steel and Power, Adani Logistics, Gallantt Ispat, Adhunik Metaliks, Rashmi Cement, Orissa Metaliks, and Orissa Manganese and Minerals —have so