Date of Post: 16 Aug, 2018
New Delhi: JSPL (Jindal Steel and Power Ltd), on Wednesday, sent the first consignment of rails for Indian Railways from its Raigarh plant in Chhattisgarh, according to a company official. The shipment of 1,000 tonne of 260-metre long rails from the plant to a railway site in Roorkee in Uttarakhand was flagged off by JSPL Chairman Mr. Naveen Jindal.
- JSPL, the only private company making rails in India, had bagged 20% of the Rs 2,500 crore global tender floated by the Indian Railways to supply long rails.
- After bagging the tender last month, Mr. Jindal had said the order was for supplying approx. 1 lakh tonnes of rails over a period of 1 year but the company could complete the entire demand within 3 months as it can produce 50,000 tonnes rail per month.
- The Railways had invited the global tender for procuring around 4.87 lakh metric tonnes of rails to meet the shortfall of supply from the state-run SAIL (Steel Authority of India Limited).
- This is the first time in 3 decades that rail procurement has been opened for the private sector.
- Till now, Railways has been procuring from government-owned SAIL.
- It decided on an extra global tender after anticipating that SAIL would not be able to supply the 7,17,000 tonnes required for 2017-18 and 2018-19, as estimated at that time.
- The Indian Railways is looking at 4,000 km of track renewal in each of the next two financial years, 2018-19 & 2019-20.
- Its estimated cost for 2018-19 is a little above Rs 10,000 crore.
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 .
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