JSPL Eying Bigger Share In Rail Market In India

- Aug 03, 2018-

Business Standard reported that after bagging its first order from the Indian Railways, Jindal Steel and Power Limited plans to enhance volume and supply rails to the national transporter in key projects, including bullet train. Mr Pradeep Tandon, JSPL President, told Business Standard that “This is just a beginning; we are looking to emerge as a long-term partner for Indian Railways in building and modernizing country’s railroad network. The company will now aim to supply rail for ambitious projects, including metro, mono and bullet train.”

JSPL has bagged “20 per cent” of the INR 25 billion order to supply long rails to Indian Railways that floated a global tender for procuring around 487,000 tonnes of rails to meet the supply following a shortfall from the state-run Steel Authority of India Limited. The volume of the order is around 100,000 tonnes.

For JSPL, it took about 15 years to challenge the SAIL monopoly in rail supply to the Indian Railways since it started rail manufacturing in 2003.

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