Burn Standard Co (BSCL) andSteel Authority of India (SAIL) would together develop aRs 200 crore production facilityat Jellingham in West Bengal.
The plant is intended tomanufacture wagon components for railways and it would have an annual capacity to produce 10,000 bogies and couplers.
Both the companies recently signed joint venture agreement for the project in the presence of West Bengal chief minister Mamata Banerjee, Railway minister Mukul Roy and other senior government officials.
Banerjee remarked that the facility would lead to overall development of the region and she urged the officials to complete it by 2013 and not 2014 as planned.
She said she announced the project in her 2010 budget speech and Indian Railways assured annual off-take for 5,000 units. According to CS Verma, chairman, SAIL, several of its plants produce a wide variety of steel products used by the railways, including rails, wheels and axles and material for coach manufacturing.