Stone India to make freight cars

Railway equipment manufacturer Stone India today said, through its wholly owned unit, Stone Intermodal, it has signed a pact with US firm Railrunner NA Inc, to make, operate and sale new generation freight cars for rail and road.

The collaboration provides exclusivity in marketing, manufacturing and operating rights in India for an initial period of 10 years, a company statement said. The project will entail an investment of Rs 150 crore in two phases. In the first the investment will be made through internal accruals and the facilities for manufacturing will be set up at its existing location with a capacity to build 25 railrunner freight cars per month.

In the second phase of the project the company will set up a greenfield manufacturing plant with a capacity to build 500 railrunner freight cars per month, the statement added.

The company has already received commercial and operating clearance from Indian railways and the design validation is in progress, which would be completed soon, it said.

The company expects, five years hence cargo market in India can have around 100 numbers operating railrunner freight trains.

— (UNI) — 01DC6.xml

Published in: on October 3, 2009 at 4:52 pm  Leave a Comment  
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Railways to lease out land to employees

LUDHIANA: In order to get rid of encroachers on its land, railway authorities have now come forward with a new plan of allotting railway land on lease for one year to railway employees who could use the land for the purpose of cultivation and gardening. While on one hand, it would solve the problem of encroachments, the authorities could also generate some revenue in the bargain.

Encroachments around railway tracks have always remained a cause of concern for railway authorities because people residing along railway lines usually make use of railway land. Authorities are planning to allot their land next to railway tracks to railway employees so that they could make use of that land for growing vegetables and gardening. Railway Land Development Agency (RLDA) is on the job.

Sources revealed that though the scheme is in the conceptual stage, the decision has been taken after railway authorities had appointed special land record director to authenticate railway land in Ferozepur division so that the land could be vacated.

The major problem that railway authorities had been facing was that they were unaware of the total land under railways but after the authentication, it has probably become easier for railway authorities to take action against encroachers- they have removed some encroachments from their land.

According to norms, there should be no construction or obstacle within a range of three metres from railway tracks, but in the city, vacant land around the railway tracks is largely being encroached upon.

Temporary encroachments are somehow removed by railway authorities, but it takes a lot of time as well as efforts to remove permanent encroachments owing to legal formalities.

Senior divisional commercial manager Dharmendra Kumar said railway authorities have appointed RLDA to make commercial use of railways’ vacant land, therefore, it would be the best option if they allot railway land to railway employees.

Railway employees could get it for one year on lease and they could make use of it for gardening as well. It would be responsibility of the railway employees to get it vacated, saving time and energy of railway forces, he added.

http://timesofindia.indiatimes.com/news/city/ludhiana/Railways-to-lease-out-land-to-employees/articleshow/5031259.cms