Kolkata: Central PSU braithwaite & Co. Ltd. has received a Order Which costs Rs 180 crores supply 500 wagons till railwayA top company official said on Sunday. These are BCVM-C type wagons, also known as rake attached brake vans.
“We have secured an order for 500 wagons worth Rs 180 crore this month,” Brathwaite Chairman and Managing Director Yatish Kumar told PTI.
The company is diversifying into services and manufacturing to achieve sustainable transformation and higher growth, as wagons accounted for 95 percent of the business in 2018 but have now declined to 55 percent.
The company is attempting to boost the total order pipeline, which stood at Rs 1,734 crore by December 2023.
“Our plan was to reduce it to 50 per cent. It was important to introduce new revenue verticals for a sustainable transformation with better profitability,” Kumar said.
“Civil construction, bridge cranes and operation and maintenance activities proved viable. Container manufacturing, solar PV plants and railway station construction contracts are being executed,” he said.
Diversification is key in Brathwaite’s planned roadmap to become a Rs 2,500-crore listed CPSU by 2025-26.