On Friday, Jindal Steel & Power (JSP) will install India’s first Rail Wheelset manufacturing plant at its Raigarh facility in Chhattisgarh, the company said in a statement. JSP has collaborated with GIFLO Steel, Hungary, for this ambitious project.

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The MoU for technology collaboration has been signed between GIFLO Steel – Hungary and Jindal Steel at the “India Hungary Business Forum” organized by the Embassy of Hungary and FICCI in the national capital on 27 May 2022. The plant will have an initial capacity of 25,000 Wheelsets per year. Jindal Steel will also install a Rail forging unit for Asymmetric Rails used in Rail track switches, especially for high-speed train tracks.

“We at Jindal Steel are committed to AtmaNirbhar Bharat Abhiyan launched by Prime Minister Narendra Modi. Rail wheelset manufacturing plant will help Indian Railways speed up the modernization of its Rail infrastructure; by making available world-class rail wheels to realize the vision of “Gati Shakti” by the Government of India”, said Mr V R Sharma, Managing Director of Jindal Steel.