Hyderabad: In order to give long term stability and predictability to the freight tariff rates, Railways has introduced an innovative Freight tariff scheme for corporate freight customers of Indian Railways.
Once a customer enters into this contract with Railways, the freight tariff rate will remain fixed for one year period. This gives predictability and stability in freight rates and helps the customers to plan their logistics for the entire year.
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 at Rail Nilayam in Secunderabad today, the Financial Adviser & Chief Accounts Officer(General) Purna.M.Cherla; Principal Chief Commercial Manager M.G. Sekharam of South Central Railway and Rahul Desmukh, Chief Operating Officer of M/s Orient Cements Limited signed an agreement for a period of five years.
Orient Cements is the third such Cement Company to sign such agreement with South Central Railway. M/s UltraTech Cements Limited and M/s The India Cement Limited have already signed such an agreement with South Central Railway. (INN)