1. MACHINERY & PLANT PROGRAMME
NIRUPMA KUMAR
PROF. (FINANCE & INVESTMENT)

2. MACHINERY & PLANT PROGRAMME PROCEDURE
The M&P programme is prepared for ensuing year in the current year, M&P already finalised.
The preliminary M&P programme for next year i.e should now be initiated and sent to Board by

3. GUIDELINES
A proposal with abstract cost of the M&P, allocation and justification to be sent to Finance after administrative approval of PHOD, consolidated by CME’s office.
Proposals on additional account to be accompanied with rate of return, otherwise summarily rejected.

4. GUIDELINES (contd….)
Estimated cost of machines to be based on realistic costs and should also include costs of essential accessories.
Present day costs can be extracted from compendium issued by COFMOW circulated to all Rlys. & PUs.
Wherever applicable, COFMOW specification number, type and capacity of machine should be mentioned.

5. GUIDELINES (contd….)
Estimate of M&P should bear provision for charges such as freight, insurance, installation and commissioning, D&G charges and custom duty wherever applicable. Proposals not accompanied by such an estimate shall be rejected.
Replacement of machines to be done keeping in mind advancements in machine technology, possibility of acquiring one or two machines to replace a larger set.

6. GUIDELINES (contd….) Current and future work load
Material handling facilities like mechanised handling of heavy items
Cleaning equipments for sub assemblies like traction motors, roller bearings should indicate savings.
Maintaining higher safety standards

7. POWERS OF GM
GM can sanction on out of turn basis upto Rs.10 lakhs which lapses after 2 years, requiring fresh review.
Separate account for M&P items procured under GM’s power and total funds utilised under plan head 41 should be advised to Board.
Due to limited availability of funds under capital, proposals on additional account to be limited to 20% of total ceiling limit.

8. VETTING OF PROPOSALS ON M&P