Coal India to acquire railway rakes for Rs 700 crore to boost supplies

State-owned Coal India Limited (CIL) has decided to purchase its own rail wagons under the General Purpose Wagon Investment Scheme (GPWIS), a scheme which the railways announced last year in view of boosting up logistics support for general cargo.

Earlier, there were schemes for owning tankers and container wagons to carry special goods like petroleum, oil and other container cargo serving the ports.