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Railways to get early deliveries of rails from JSPL if it wins tender - Mr Naushad Ansari

Steel News - Published on Mon, 20 Nov 2017

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Press Trust of India reported that a top company official of JSPL, India's only private manufacturer of rails, said the company is confident of making early deliveries to the Indian Railways if it succeeds in securing the INR 3,500-crore rail tender. Over a telephonic conversation with PTI, Mr Naushad Ansari, CEO Steel Business, JSPL, said “It is a golden chance for JSPL (Jindal Steel and Power Limited) as the company has been looking to make inroads into the domestic rail segment for about a decade.”

The Ministry of Railways has recently floated a global tender to procure 7 lakh tonnes of rails worth INR 3,500 crore. This is the first time that the railways has come up with such a tender. Ansari reasoned that since the company has a capacity to produce 1 million tonne (mt) of rails, it is capable of fulfilling the Railways’ demand of 7 lakh tone alone.

The company supplies rails to other countries like Iran, Bangladesh, Mozambique and Brazil. It has yet to enter the domestic rail space as the Indian Railways has been procuring rails from SAIL under an agreement it had signed with the PSU, Ansari said. “If we are able to bag the order, this will be the first big opportunity for us,” he added.

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Posted By : Nanda Koijam on Mon, 20 Nov 2017
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