JSPL bags prestigious order in First-ever Global Tender for Rails Floated by Indian Railways
Sanjay Krishna | Myequity news | Date : 03-08-2018 11:00:00 IST
Jindal Steel and Power Limited (JSPL) today won the prestigious first-ever global tender for supply of Rails by Indian Railways. The award of the order to supply close to 1 lakh tonne of Rails comes as the conclusion of a global tender which saw participation from 8 bidders, including world’s 7 topmost manufacturers of Rails. JSPL is the only private sector manufacturer of Rails in the country, and is amongst 7 global steelmakers with capabilities to manufacture Head Hardened Rails. The company will supply around 1 lakh tonnes of Rails over a period of one year.
“It is indeed a historic moment for JSPL to bag this prestigious order through a global tender which saw participation from world’s top manufacturers of Rails.This is just the beginning and we are confident to emerge as a long-term partner for Indian Railways for building and modernizing Nations railroad network”, Mr.NA Ansari, CEO – JSPL said. “JSPL is fully geared up to commence faster eliveries so as to assist Indian Railways in rapid deployment of planned rail track rollout”.
With the first order from Indian Railways after procuring all technical clearances based on global best norms, JSPL aims in increasing its participation in proposed railwayinfrastructure modernization in the coming years. JSPL operates India’s most advanced 1 Million Tonne Per Annum (MTPA) Rail Mill at its 3.6 MTPA integratedSteel Plant at Raigarh, Chhattisgarh.
The company has already supplied Rails to national railways of Iran and Bangladesh; and has supplied high-quality rails toDedicated Freight Corridor of India. The company has capabilities to manufacture single piece rails of upto 121 metre length and upto 480 metres with three welds forhigher durability of Rails.About Jindal Steel and Power Limited (JSPL):
Jindal Steel and Power Limited (JSPL) is an Indian steel and energy company based on New Delhi, India. With turnover of approx. US$ 3.3 billion, JSPL is a part of about US$18 billion diversified Jindal Group conglomerate. JSPL is a leading player in steel, power, mining, oil and gas and infrastructure in India. The company produces steel and power through backward integration from its own captive coal and iron-ore mines.In terms of tonnage, it is the third largest steel producer in India. The company manufactures and sells sponge iron, mild steel slabs, ferro chrome, iron ore, mild steel, structural, hot rolled plates and coils and coal-based sponge iron plant.