Home News Industry News Jindal Steel completes the delivery of their first-ever rail order ahead of...

    Jindal Steel completes the delivery of their first-ever rail order ahead of schedule

    162
    Jindal Steel and Power

    Steel and Energy Company Jindal Steel and Power Ltd (JSPL) said it completed the delivery of its first ever rail order for the supply of rails to the Indian Railways four months ahead of schedule.

    In July last year, JSPL had received from the national transporter an order of one lakh tonne rails, to be supplied within a year.

    “In a significant development, JSPL has completed delivery of first ever rail order to supply rails to Indian Railways.

    The company had bagged 20 per cent of the Rs 2,500 crore global tender by the Railways to supply long rails,” JSPL said in a BSE filing.

    The order, which was to be completed over a period of one year, has been completed ahead of the scheduled time, JSPL Joint Managing Director N A Ansari stated and also says that recently JSPL bagged an additional order of 30,000 tonne long rails from the Indian Railways.

    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 Steel Authority of India Limited (SAIL).

    Source: https://www.businesstoday.in/current/corporate/jindal-steel-and-power-rail-project-indian-railways/story/339536.html

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here