+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Syrma SGS Elemaster Opens High-Reliability Electronics Facility

Syrma SGS Technology and Elemaster Group have inaugurated a new high-reliability electronics manufacturing facility in Bengaluru through their joint venture, Syrma SGS Elemaster Private Limited.The facility aims to strengthen India’s advanced electronics manufacturing capabilities and support customers across domestic and global markets, particularly in sectors requiring high quality, reliability and stringent manufacturing standards.Located in the Bommasandra Industrial Area, the 20,000 sq. ft. facility is equipped with advanced Surface Mount Technology (SMT), Through-Hole Technology (THT) ..

Next Story
Real Estate

UrbanVault Expands Chennai Workspace Portfolio with 100,000 Sq. Ft.

UrbanVault has expanded into Chennai with approximately 100,000 sq. ft. of managed workspace across three properties, strengthening its presence in India’s flexible workspace market.The company’s Chennai portfolio includes Olympia Teknos and UV IPL in Guindy, and Ceebros Chambers on Velachery Main Road. The expansion marks UrbanVault’s entry into its seventh city, taking its national footprint to more than 3 million sq. ft. across 80+ centres.UrbanVault expects its annual revenue to cross Rs 350 crore in FY27, supported by expansion across major business hubs and rising demand for manage..

Next Story
Real Estate

LML Realty Launches Digital Platform for Custom Factories

LML Realty has launched ‘Your Factory’, a digital platform that enables businesses to configure, customise and order built-to-suit factories online. The platform combines plot selection, factory specifications, pricing and development into a single digital interface.Businesses can select plot sizes ranging from 500 sq. yd. to 10 acres and customise requirements such as factory size, height, structure, crane provisions and power needs. The platform provides instant quotations, allowing users to view configurations and pricing while designing their facilities.Pricing for the built-to-suit fa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code