Project Today reported that Arshiya International is planning to invest INR 1,600 crore into its rail business Arshiya Rail Infrastructure.

As per the report, this CAPEX will be deployed towards acquiring 3,375 wagons and also for the building of rail sidings and other necessary infrastructure across the country.

The report added that the 75 rakes will be delivered over 18 months making Arshiya Rail Infrastructure the largest private rail operator in the country by end 2009. The first rake is expected to be deployed on November 15th 2008.