Indian Railways to float fresh global tender for supply of 4.5 lakh MT rails worth Rs 2700 crore

Indian Railways to float fresh global tender for supply of 4.5 lakh MT rails worth Rs 2700 crore

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Date of Post: 22 Nov, 2018

New Delhi: The Indian Railways will float a fresh global tender for the supply of 4.5 lakh metric ton of rails valued at around Rs 2,700 crore, after an earlier bid failed to take off. This comes after the railways placed a developmental order of Rs 536 crore for 1 lakh tonne of rails to JSPL (Jindal Steel and Power Ltd) as part of a global tender.

More Information:

  • However, the remaining bidders, including Sumitomo Corporation, Angang Group International, Voestalpine Schienen, East Metals, CRM Hong Kong, British Steel France Rail and Atlantic Steel, were edged out since they did not meet the criteria set by the railways.
  • A senior official of the railways said,”We will float a fresh global tender soon as we are yet to meet the shortfall of rails from SAIL.”
  • The official said, the requirement of rails for 2018-19 is around 16.66 lakh metric ton, while SAIL will be able to provide only about 10 lakh metric ton.
  • While for the year 2017-18, the requirement was of 14.59 lakh metric ton, SAIL as per their latest projection has given commitment to supply 9.5 lakh metric ton rails during this period.
  • These global tenders are the first instances in which the national transporter has looked beyond the state-run SAIL as its supplier.
  • Officials said that the additional rail tracks will help the railways towards clearing the track renewal backlog.
  • The Indian Railways has a track length of around 1,15,000 km , making it the world’s largest network under a single management.

To know more about recent developments of Railways–

20 Nov, 2018: Indian Railways planning to build 3,000 km of walls to fence its tracks

17 Nov, 2018: Indian Railways Station Development Corporation (IRSDC) makes a swift progress in developing Surat Railway Station as Multi Model Transport Hub

15 Nov, 2018: Indian Railways to Export First State-of-the-art Modern DEMU Train Rake to Sri Lanka in a Week


Author:

Narinder Sharma is a part of the content team of Rail Analysis India as a writer and marketing executive.
His interest is in the Railways , Metro and Transportation Sector of India .
Please reach us at editor@railanalysis.com for more information .


 

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