The proposal of laying 3,500-km new rail lines by the Indian Railways would boost the order portfolio of state-run Steel Authority of India Ltd (SAIL).
In Budget 2017, proposal has been made to build new rail lines that would be about 25 per cent more than in the current financial year. In 2016-17, 2,800-km new rail lines were proposed.
The Indian Railways would be requiring about 420,000 tonnes of rails for the new lines, which SAIL would be supplying. The state-run steel maker is the sole supplier of rails to the Indian Railways.
A senior SAIL official said that the company was now equipped to meet the entire demand of the Indian Railways in future. The newly dedicated state-of-the-art Universal Rail Mill (URM), established at a cost of about Rs 1,200 crore in BSP, would take the company’s total rail production capacity to 2.0 million tonnes per annum (MTPA). This would be the largest rail production capacity in any single location for a plant the world over.
Credit By : Business Standard
Latest posts by Business-Standard.com (see all)
- UP energy watchdog cuts solar power tariffs, clears bidding for 500 mw - September 18, 2019
- How crude is losing ground as the biggest strain on India’s forex reserves - September 18, 2019
- Crude shock: Rise in oil prices may deepen India’s auto crisis, say experts - September 17, 2019