Tender Floated for Procuring Rails worth about 3,500 cr

Tender Floated for Procuring Rails worth about 3,500 cr

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Date of Post: 26 Oct, 2017

Ministry of Railways has floated a tender to secure seven lakh ton of rail, worth around 3,500 crore, rather than obtaining from the Steel Authority of India Limited (SAIL), in an offer to clear pending track re-establishment work.

More Information :

  • “We floated a tender on October 12 to obtain seven lakh tonne additional rail, as a way to help us” said Piyush Goyal, Railways Minister, on Wednesday.
  • The Railways procures rail solely from public sector SAIL which is the largest steel producer in the country.  
  • “We are going to stick to our commitment to procure steel from SAIL. We are procuring steel for rail new lines, gauge conversion and doubling,” said a top Ministry of Railways official.

SAIL had committed to supply 11.45 lakh tonne rail to the Railways in 2017-18, leaving a deficit of 3.14 lakh tonnes. In 2016-17, the Railways renewed 2,487 km tracks compared with 2,794 km in 2015-16 and 2,424 km in 2014-15.

According to a ‘White Paper on Indian Railways’ published in February 2015, the Railways has a total track length of 1,14,907 km and on average, 4,500 km should be ideally renewed every year.

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