Jindal Steel and Power Ltd (JSPL) Tuesday said it has completed delivery of its one lakh tonne first-ever rail order, which the firm had bagged from the Indian Railways.
Jindal Steel and Power Limited (JSPL) is an Indian steel and energy company based in New Delhi, India. With turnover of approx. US$ 3.3 billion, JSPL forms part of the US$18 billion diversified Jindal Group conglomerate. JSPL is a leading player in steel, power, mining, oil and gas and infrastructure in India. The company produces steel and power through backward integration from its own captive coal and iron-ore mines.
In July last year, JSPL had received from the national transporter an order of one lakh tonne rails, to be supplied within a year.
JSPL, in a significant development has completed delivery of first ever rail order to supply rails to Indian Railways. The company had bagged 20 per cent of the Rs 2,500 crore global tender by the Railways to supply long rails, said in a BSE filing.
The order, which was to be completed over a period of one year, has been completed ahead of the scheduled time, the manager of JSPL said in a statement.
He also said that recently JSPL bagged an additional order of 30,000 tonne long rails from the Indian Railways.
He added that they are proud to contribute to government’s Make In India initiative. These achievements are testament to the capability of their team as well as their valued partnership with Railways. They continue to stay committed to developing Infrastructure needs.
The railways had invited the global tender for procuring around 4.87 lakh metric tonnes of rails to meet the shortfall of supply from the Steel Authority of India Limited (SAIL).
Part of the USD 18-billion OP Jindal Group, JSPL has presence in steel, power, mining and infrastructure sectors.
It is the only private steel company that produces long rails in India. The company operates a one million tonne per annum (MTPA) rail mill at its steel plant in Raigarh, Chhattisgarh.
