Braithwaite, a public sector company under the railways ministry, is eyeing a ₹2000-crore turnover by 2025-26 on the back of rising demand of bogies and wagons.

The company has invested ₹10 crore to scale up capacity at Angus Works in Hooghly district of Bengal and is looking to increase wagon production.

"By March 2025 we are expecting a revenue of ₹1,400 crore and we are looking to increase it to ₹2,000 crore by March 2026. We are a debt-free company earning profit with a net worth of more than ₹200 crore," Braithwaite CMD Asad Alam said on the sidelines of a CII organised Rail Connect East on Thursday.

"We are investing about ₹10 crore to augment the foundry at Angus Works. Right now the capacity is 250 bogies per month and the plan is to increase this to 450 bogies per month. The decision to scale up was taken about six months back and by this year we will complete the project."

Besides Angus Works, the company has two more units — Clive Works and Victoria Works — in Calcutta.

On demand, Alam said the railways has a wagon fleet of around 4 lakhs and every year around 30,000-35,000 wagons are added. This means the number is expected to reach around 5-5.5 lakh wagons by 2027. "But an additional 1 lakh wagons would be required by 2030 to increase freight loading to around 3600 million tonnes. There is also a scarcity of bogies in the market.

The company produced 1,800 wagons last year and the number is expected to reach 2,200 this year and increase to 3,000 in FY26.

The company is also expanding in related service areas such as project management consulting.

Texmaco plans

Texmaco Rail & Engineering Ltd, part of the Adventz group, is expecting to operationalise its joint venture plant with Czech company Nymwag at Sodepur in Bengal by second half of 2025, ahead of its initial timeline, company's MD Sudipta Mukherjee said on the sidelines of the CII event.

The plant will make freight wagons and railway components for Indian Railways, the private sector and export markets.

Texmaco, which announced the acquisition of Jindal Rail Infrastructure in July, is also looking to set up a foundry in Odisha.

Prithish Chowdhary, co-chairman, CII eastern region manufacturing sub-committee and deputy MD Titagarh Rail System, said that the government's focus on ongoing and future railway projects will significantly strengthen the railway system.