SCR signs pact with Kesoram Industries

South Central Railway and Kesoram Industries Limited have signed a Long-Term Tariff Contract (LTTC) agreement to provide for a long-term stability and certainty in the freight tariff rates to corporate freight customers of Indian Railways on Friday.

Once a customer enters into this LTTC contract with the Railways, the freight tariff rate will remain fixed for one year.

Freight discounts will also be given 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, said an official press release.

Principal chief commercial manager M.G. Sekharam and Kesoram Industries Manufacturing Operations head C.K. Jain signed the pact at the Rail Nilayam for five years. UltraTech Cements Limited, The India Cement Limited and Orient Cement Limited have already signed such agreements.

South Central Railway General Manager Vinod Kumar Yadav expressed 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 rate for the goods being transported by rail.