December 02, 2008

Indian Railways RWF 2007-08 turnover up by 7.8% YoY

Bangalore based Rail Wheel Factory has registered a 7.8% YoY growth in its turnover to INR 541 crore during year ended March 31st 2008. RWF, which is the sole manufacturer and supplier of wheels and axles to the Indian Railways, has showed an improvement of 16.5% YoY in wheel production by producing 147,007 wheels, which is a new record.

During the year, RWF produced 52,870 axles. This was achieved in just 9 months of the year. The axle shop was shut down for 3 months for maintenance. The month of March 2008 witnessed a highest monthly production of 688 wheels per day. It has also produced 40,509 wheel sets during 2007-08.

For the year 2008-09, RWF has set a target of achieving 200,000 wheels and 84,000 axles. It is also aiming at a growth of 10% to 12% in its turnover to INR 600 crore during the present financial year.