JSPL bags Rs. 665 crore Rail contract From RVNL
New Delhi: Jindal Steel & Power Limited (JSPL), India’s only private manufacturer of rails, has won an order from Rail Vikas Nigam Limited (RVNL) to supply 89042 tonnes of UIC 60 kg IRS T-12 880 grade 13 meter rails for its upcoming projects. The order is valued at approximately Rs. 665 crore. A notification of award for the same was issued to JSPL on 8th May ’19 by the RVNL.
“This order is indicative of JSPL’s strategic commitment to growing its footprint in the domestic Rail segments. It is a great endorsement of our products and services, and securing another important rail contract from railways in less than a year is a source of great pride” said Naushad Akhter Ansari, Joint Managing Director, JSPL.
In July 2018, JSPL bagged the first-ever global tender for supply of Rails to Indian Railways. As per the terms of the global tender, JSPL was to supply close to one lakh tonnes of long rails, worth Rs. 568 Crore to Indian Railways over a period of one year. It had completed the delivery in record time, 4 months ahead of schedule. Over and above, JSPL secured an additional order to supply 30000 tonnes of rails under this global tender.