Today's Cancelled Trains
Corporate Customer of Indian Railways with stable Freight Rates -LTTC -Contract
South Central Railway and M/s. Kesoram Industries Limited have signed a Long Term Tariff Contract (LTTC) agreement today at Secunderabad. This Scheme gives long term stability and certainty in the freight tariff rates to corporate freight Customers of Indian Railways.
Once a customer enters into this LTTC Contract with Railways, the freight tariff rate will remain fixed for one year. This gives predictability and stability in freight rates and helps the customers to plan their logistics for that year, without worrying about change in rates. The scheme also gives incentives to the freight customers in the form of freight discounts, if the customer exceeds the previous year’s freight contribution. It is a growth linked incentive, the higher freight the customer contributes over previous year, the higher the discount.
In a brief ceremony held today i.e. 30th March, 2018 at Rail Nilayam, Secunderabad Shri M.G.Sekharam, Principal Chief Commercial Manager, South Central Railway and Dr. C.K.Jain, Manufacturing Operations Head of M/s. Kesoram Industries Limited signed this agreement for a period of 5 years.
M/s UltraTech Cements Limited, M/s The India Cement Limited and M/s. Orient Cement Limited have already signed such LTTC agreement with South Central Railway.
Shri Vinod Kumar Yadav, General Manager, SCR expressed his happiness and advised freight customers and major Cement manufacturing companies to enter into such agreement to avail the freight concession as well as fixed tariff.
Source:South Central Railway
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