SAIL Enters Into a Long Term Tariff Contract With Railways For Loading & Unloading Terminals

SAIL Enters Into a Long Term Tariff Contract With Railways For Loading & Unloading Terminals

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Date of Post: 30 Aug, 2017

Steel Authority of India Limited (SAIL) entered into a long term tariff contract with the Railways involving for Loading & Unloading Terminals.

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THESE ARE THE COMMODITIES APPLICABLE TO THE CONTRACT

  • Different commodities applicable to the contract are:
    • Iron & Steel
    • Pig Iron
    • Slag
    • Limestone
    • Dolomite
    • Manganese Ore

With a benchmark gross freight revenue (BGFR) of Rs 3,417.74 crore and with corresponding tonnage of 19.3 million tonnes (MT) effective from September.

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  • Currently, this is the highest Long Term Tariff Contract (LTTC) agreement in terms of Gross Freight Revenue of Railways.
  • “Steel Authority of India Ltd and Indian Railways have entered into a strategic agreement on Long Term Tariff Contract (LTTC) on August 29, 2017,” SAIL said in a statement.
  • Long Term Tariff Contract has been introduced by Indian Railways to establish long-term contracts with customers with guaranteed incremental revenue for Indian Railways, the statement said.
  • The contract can be for a period of three to five years.

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