JSPL executed Rs.732 Crore Rail order to Indian Railways
New Delhi: Jindal Steel and Power (JSPL ) has successfully executed the first-ever Rail order to Indian Railways on 29th July 2019. JSPL has supplied 126604 tonnes of long rails to Indian Railways in record time and far ahead of schedule. Out of this total quantities, JSPL supplied 97,400 tonnes of long rails on 22nd April 2019, in record time and four months ahead of schedule.
Earlier, on July 2018, JSPL had bagged the first-ever global tender for supply of rails to Indian Railways. The tender saw bidding by eight leading players amongst which were the world’s seven top-most manufacturers of rails.
The total value of the contract was at Rs. 732 crores. In addition to long rails orders from Indian Railways, JSPL is also expecting orders of a minimum volume of 2 lakh tonnes per annum of 13/26 metre rails from Rail Vikas Nigam Limited (RVNL) and IRCON International Limited.