Jindal Steel to supply long rails - wins Rs 25,000cr railway tender
New Delhi : Jindal Steel and Power Limited (JSPL) bags one of the most talked about and highly anticipated Indian Railways global crore tender. The estimated value of the tender is Rs 25,000 crore and JSPL will cater to 20% long rails requirement of railways. Steel Authority of India (SAIL), till now was catering to the demand of Indian Railways. They were providing ‘long rail’ to the railways. This time however, SAIL expressed their inability to meet the demand of rails. It is then Indian Railways invited tenders from global players. With JSPL winning the tender, they will now meet the 20 percent of the deficit demand. SAIL will be meeting 80 % of the total demand. The estimated total requirement of Indian railways is 487,000 tonnes of rails. NA Ansari, CEO of JSPL on an enthusiastic note informs that this is a historic moment for JSPL. It is indeed a great achievement to win a global bid. All the top manufacturers of the rails had participated in it. Ansari also shares th...