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As per the statement released, Jindal Steel and Power Ltd (JSPL) supplied 35,000 tonnes of rails to the Indian Railways from July to October. The company had earlier secured 20 per cent of Rs 2,500-crore global rail tender deal which was floated by the railways.
This deal made JSPL the first private player to supply rails to the national transporter. The order is to supply around 1 lakh tonnes of rails over a period of one year.
N A Ansari, CEO, JSPL Steel Business, “As on October 31, 2018, we have supplied 35,000 tonnes or 35 per cent of the order after RDSO (Research Design and Standards Organisation) approval. It’s only three months and we have supplied more than one-third of the order.”
JSPL was the only Indian steel-maker in the bid, and due to the ‘Make in India’ clause, was expected at least to get an order of 20 per cent. JSPL is the only private company that produces rails in India and has already supplied rails to countries such as Iran and Bangladesh.
The global tender was released in order to procure around 4.87 lakh tonnes rails due to the fact that the railway’s sole supplier, government-owned SAIL was unable to meet the demand.
In the tender invited earlier this year, seven foreign steel companies and JSPL from India had submitted bids. Till now, the national transporter was procuring rails from government-owned SAIL.
