Steelcast LLCÂ is awaiting certification from the Association of American Railroads (AAR) for its manufacturing facility in Bhavnagar, Gujarat.
The joint venture between Gujarat-based Steelcast Ltd and US-based Michigan Steel, is set to make casnub bogies for railways in the US.
“An inspection team will visit Bhavnagar facility of Steelcast Ltd in the month of February 2012. It seems, Chinese suppliers are focusing more on their domestic market, hence for players outside China, there is a huge potential in US railroad market,” said Vaughn Makary, president and CEO, Michigan Steel.
Steelcast Ltd has invested Rs 25 crore for the facility in Bhavnagar to make the casnub bogies, used for freight wagons.
“Once we get the certificate from the US agency, we will be able to bid contracts there. This would also give us advantage to bid for project of Indian Railways in future. We are hopeful for newer opportunities emanating from the proposed Delhi-Mumbai Freight Corridor as well,” said Chetan Tamboli, chairman and managing director, Steelcast Ltd.
The company said that Indian Railways have already extended Class-A Foundry Status to Steelcast and sample orders for manufacturing couplers have been received.
