Tata and Jindal in top 5 to secure Rs 15.86 bn rail order
RAILWAYS & METRO RAIL

Tata and Jindal in top 5 to secure Rs 15.86 bn rail order

Tata Steel, Jindal Steel and Power (JSPL), ArcelorMittal Nippon Steel (AM/NS), Steel Authority of India (SAIL), and Jindal Stainless (JSL) had been awarded steel supply contracts worth Rs 15.86 billion by the Railways.

Bids had been called in July 2023 for procuring Mild/Corten Steel Sheets/Plates/Coils, but the awards were only finalized earlier this month.

Another tender had been called in February 2024 for purchasing stainless steel sheets and plates, which were also awarded at the same time. Steel Authority of India Limited (SAIL), a public sector undertaking, had secured the majority share in both tenders. SAIL would be supplying 1.05 lakh metric tonne (MT) of steel worth Rs.671.27 crore and another 16,356 MT of stainless steel worth Rs 2.17 billion.

Tata Steel had acquired the second highest supply quantity, with 52,753 MT of steel being procured by the Indian Railways for Rs 3.33 billion. The steel procured would be useful in the fabrication of railways wagons, coaches, and foot over bridges, among other applications. Indian Railways had recently increased its locomotive production target for fiscal 2025 by 27% to 1,500 units. The national transporter aimed to maintain this annual production target unchanged until FY27. The railways had eight production units in the country where they manufactured wheels, axles, locomotives, and coaches. They had aimed to conclude fiscal 2023-24 with 1,180 new locomotives.

Tata Steel, Jindal Steel and Power (JSPL), ArcelorMittal Nippon Steel (AM/NS), Steel Authority of India (SAIL), and Jindal Stainless (JSL) had been awarded steel supply contracts worth Rs 15.86 billion by the Railways. Bids had been called in July 2023 for procuring Mild/Corten Steel Sheets/Plates/Coils, but the awards were only finalized earlier this month. Another tender had been called in February 2024 for purchasing stainless steel sheets and plates, which were also awarded at the same time. Steel Authority of India Limited (SAIL), a public sector undertaking, had secured the majority share in both tenders. SAIL would be supplying 1.05 lakh metric tonne (MT) of steel worth Rs.671.27 crore and another 16,356 MT of stainless steel worth Rs 2.17 billion. Tata Steel had acquired the second highest supply quantity, with 52,753 MT of steel being procured by the Indian Railways for Rs 3.33 billion. The steel procured would be useful in the fabrication of railways wagons, coaches, and foot over bridges, among other applications. Indian Railways had recently increased its locomotive production target for fiscal 2025 by 27% to 1,500 units. The national transporter aimed to maintain this annual production target unchanged until FY27. The railways had eight production units in the country where they manufactured wheels, axles, locomotives, and coaches. They had aimed to conclude fiscal 2023-24 with 1,180 new locomotives.

Next Story
Resources

CCI Group Invests Rs 2.27 Billion in Grade-A Gurugram Logistics Park

CCI Group, India’s leading integrated logistics service provider, announces a total investment of Rs 2.27 billion in the development of a Grade-A warehouse facility in Sohan-Silani, Gurugram. Spanning approximately 9.5 lakh square feet, this flagship development is aimed at addressing the growing demand for high-quality industrial and warehousing spaces in the region, while reinforcing CCI Group’s position as a key player in India’s logistics sector.Haryana’s location along key national trade corridors has positioned it as a critical node in India’s logistics network, and the Sohna-S..

Next Story
Resources

CorporatEdge Launches Centre at World Trade Center, Delhi

CorporatEdge, India’s leading provider of ‘Offitels’ – a unique blend of five-star hospitality and premium workspaces, expands its presence in the National Capital Region with the launch of its latest centre – ‘The India Centre’ at the newly developed World Trade Center (WTC), Nauroji Nagar, Delhi. Spanning 42,000 sq. ft., this new centre adds to the company’s flagship 20,000 sq. ft. space at HT House in Connaught Place, bringing its total operational area in Delhi to 62,000 sq. ft.With this addition, CorporatEdge now operates eight centres across Delhi, Gurugram, and Bangalore..

Next Story
Resources

NSL Achieves Record-Breaking Production Milestones on April 26

In an extraordinary demonstration of operational excellence and technological prowess, NMDC Steel Limited (NSL), India’s youngest and modern steel plant achieved multiple record-breaking production feats on April 26, 2025, further reinforcing its emergence as a frontrunner in the nation's vibrant steel industry. The company surpassed its own record-breaking milestones for the third time this month as the steel plant reached its rated capacity, signalling an exceptional momentum for growth. This ability to consistently exceed expectations not only highlights the speed at which it is scal..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?