JSPL wins Rs 665 cr rail order from Rail Vikas Nigam

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Steel and energy company Jindal Steel and Power Ltd (JSPL) said it received an order worth Rs 665 crore from Rail Vikas Nigam Limited (RVNL) for the supply of over 89,000 tonnes of rails.

Rail Vikas Nigam Limited is an organisation associated with the Indian Railways, and builds engineering works for the Indian Railways.

JSPL is the only private sector manufacturer of rails and the only manufacturer of head hardened rail in the country.

The rails will be manufactured and supplied from its Raigarh facility in Chhattisgarh, JSPL said.

This is the second big rail order received by JSPL in less than a year, a month after it completed the delivery of its first ever rail order for the supply of rails to the Indian Railways, four months ahead of schedule.

“This contract will provide an important foundation for our future rail business”, said Naushad Akhter Ansari, Joint Managing Director, JSPL.

In its first order, JSPL had bagged 20% of the Rs 2,500 crore global tender by the Indian Railways to supply long rails on July 28, 2018.

JSPL was to supply 97,400 tonnes of rails to the national transporter over a period of one year.

The company started dispatching the first consignments of rails on August 15, 2018 from its Raigarh plant and completed delivery of total quantities on April 23, 2018, almost four months ahead of schedule.

JSPL had also bagged an additional order for the supply of 30,000 tonnes of long rails for Indian Railways in February.

JSPL is part of the USD 22 billion OP Jindal group. JSPL has its presence in core sectors like steel, power, mining and infrastructure.

The company has already supplied rails to Iran and Bangladesh and to the Dedicated Freight Corridor Corporation of India.

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