2. Wet Loco Leasing Meaning
Business Opportunities
Preliminary Activities
Planning Phase
Execution Phase
Monitoring
Expansion
Winding Up
3. In a simple parlance, it is like offering the
services with assets.
Locomotives on hire with Operators and
Maintenance mechanics
Consumables like fuel, lubricating oil, DM
water facilities are to be provided by clients
4. Business leaders are looking up to
concentrate on their core competencies,
striping down non-core activities.
Their non-core activities are core activities
of RITES, which has professionals of long
standing in rail transport sector.
5. Reach out to the potential customers
wanting rail transport services.
Port, Steel, Cement & Power sectors provide
ample scope, expecting low cost, effective
service providers.
Discuss with them demonstrating our core
competencies.
6. On getting enquiry, study their requirement
in terms of man power, delivery time.
Budget estimation to find out OR.
If OR is more than 85%, CMD approval is
required.
Submit the offer directly, if OR is < 85%.
Negotiate the rate, if necessary
7. Project Manager’s role is vital, as he has to
play multiple activities starting from
recruiting staff to liaison with clients,
government authorities to guide manpower
agent to get labour license, ESI, PF
clearance.
Monitoring the loco movement from source
till it reaches the destination.
Arranging gate passes for the staff.
8. Identifying suitable local transport service provider
for movement of staff from their residences to site
and back, and arranging gate passes for them.
Find out suitable residential houses to outstation
contract staff.
Organizing safety induction training in coordination
with other departments.
Start the Operation & Maintenance activities
Ensure that Operation activities with loco
availability > 85%.
9. Maintenance activities are carried out in lean
period, with < 15% of available time on monthly
basis.
Identify the materials requirement & organize to
procure them.
Maintain all relevant records depicting loco
utilisation, consumables used, materials consumed,
imprest accounts etc.,
Generate and submit the bills for payment without
any delay
10. Loco availability > 85%
Maintenance < 15% of month time
VED analysis for materials requirement
5 s, JIT, 7 QC tools
Meet OHSAS, EMS & ISO requirements.
Follow up of bills clearance with finance
department
11. Have regular meeting with clients, to keep
updating their requirements to plan for
indenting locos to DLW, GOC etc.,
Look at new scope of work like operation &
maintenance of client locos
Any scope of business opportunities for other
divisions of RITES.
12. Arrange to pay dues if any to staff, vehicle
contractor, house owners.
Settle all dues to clients.
Get cleared all payments from clients for
service rendered.
Appraise CO.