Jindal Steel becomes first private “regular rail supplier”
Jindal Steel and Power Ltd (JSPL) recently received “regular rail supplier status” from Indian Railways, and became the first private company in India to be awarded the regular supplier status from the national transporter.
The railways and its subsidiaries and track laying contractors can now source 60 kg grade rails manufactured by the company and can utilise them for their present and upcoming projects.
The company reported its share price to rise 3% after it underwent a robust production in November.
The Research Designs and Standard Organisations (RDSO) works under the ambit of the Railway board. It has approved field performance of the 60 kg, 880 grade rails made by JSPL in its Raigarh plant. The rails are suitable to use in Indian Railways.
JSPL’s Managing Director VR Sharma mentioned that they are happy to be awarded the regular supplier status by Indian Railways to make 60 kg, 880 grade (90UTS) rails. Moreover, he added that it would be a move toward Atmanirbhar Bharat and a good achievement for their rail business. The company is thankful to RDSO and the Ministry of Railways for providing field approval of UIC 60 kg, 880 grade prime rails.
Additionally, JSPL has started supplying 1080 grade head hardened rails as well as 880 grade prime rails (Class A) to various metro rails projects in India. It includes Rail Vikas Nigam Limited to construct Kolkata Metro Rail Project as well as its Pune Metro. Additionally, 1080 HH grade rails are used in high-speed freight corridors and metro rail projects. Whereas, UIC 60 kg, 880 grade prime rails are for passenger tracks.
In the offshore markets, JSPL supplies grade rail to France Rail and Hayange in Europe. The company has exported 2.5 lakh tonnes of rail with the help of Indian PSUs IRCON and STC. It caters to customers in Bangladesh, Sri Lanka and Africa, according to the company.