business | IST

To double volume sale of rails to Indian Railways this year, says Jindal Steel & Power

Jindal Steel & Power aiming to double its supply of rails to Indian Railways and metro lines, VR Sharma, MD of the company told CNBC-TV18.

Jindal Steel & Power aiming to double its supply of rails to Indian Railways and metro lines, VR Sharma, MD of the company told CNBC-TV18.
“This year we are aiming more than 400,000 tonnes from Indian Railways and Metro,” he said.
The company did about 200,000 tonnes of rails for Indian Railways and its subsidiaries last year. “This year the projections are that total rail consumption in the country will be about 1.5 million tonne and out of that the specialty rail will be around 400,000 tonne,” he said.
JSPL has become the first Indian company to get a nod from the Indian Railways to produce rails for use in high-speed rail corridors.
“We were asked by the government of India, Indian Railways to develop some of the very special grade. We have developed the grades successfully and we have got approval from RDS – the inspection and design wing of Indian railways,” he said.