Indian Railways News

JSPL keen to supply rails to Indian Railways

NEW DELHI: Jindal Steel and Power LtdBSE 0.70 % (JSPL) is keen to participate in a tender floated by the Indian Railways for procuring rails, a senior company official said today.

The Ministry of Railways has recently floated a global tender to procure 7 lakh tonnes of rails worth Rs 3,500 crore. This is the first time that the railways has come up with such a tender.

Terming it a “not-to-miss opportunity”, JSPL’s corporate strategy head Kapil Mantri told PTI, “We are already supplying rails to railways of other countries and if we are able to grab it (tender) this will be the first opportunity for us (in the country).”

In India, JSPL is the only company manufacturing rails besides public sector Steel Authority of IndiaBSE 0.18 % Ltd (SAILBSE 0.18 %), he said.

Mantri further said that JSPL is, however, supplying rails for metro projects in India as well as abroad.

At present, SAIL is the only company supplying rails to the country’s largest transport network railways. SAIL’s Bhilai Steel Plant (BSP) is country’s sole producer and supplier of rails to Indian Railways including 260-metre long rails.

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