Braithwaite & Co Ltd is betting big on domestic demand for wagons after the Russia-Ukraine crisis has derailed its export negotiations for over 5,000 railway freight vehicles worth more than Rs 1,000 crore to war-torn Ukraine, an official said on Sunday.
The PSU under the ministry of railways was negotiating with Ukraine to secure an order of 5,400 wagons, the largest export bid for the company.
“The war derailed the export negotiations. The company could be in trouble if it had broken out in the execution phase of the proposed shipment. However, domestic wagon requirement has gone up substantially and the delay in securing the export order has compelled us to focus on Indian supplies,” Braithwaite chairman-cum-managing director Yatish Kumar said.
