Business Indian Railways' Modern Coach Factory puts expansion in top gear, plans test shed for bullet train Updated : October 18, 2018 08:13 PM IST The expansion exercise will also create 800-900 jobs at the factory by March 2020, Agrawal said. Set up at a cost of about Rs 3,192 crore, the Modern Coach Factory produces state-of-the-art, stainless steel coaches with annual capacity of 1,000 coaches. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.