Jindal Steel and Power may offer 50% more Cargo to Railways this year


Jindal Steel and Power may offer 50% more Cargo to Railways this year

Jindal Steel and Power Ltd (JSPL) expects s to increase its rail freight loading by 50 per cent this year – with plans to lug 30 million tonne (mt) in the ongoing fiscal year against 20 mt in FY2018.

With this, the company’s overall spend on the rail freight will be about 3,700 crore for hauling raw material to its plants and final products to customers. This will add 1,200 crore to the national transporter’s freight earnings kitty this year, as JSPL had a rail freight bill of about 2,500 crore last year.

Kapil Rawat, Executive Director – Group Logistics, told that the company is widening its special wagon investment portfolio by investing in flat wagons — wider than what Railways has — in order to carry wider steel plates that can be used to make pipes, windmills, boilers and construction projects.

The company, which has two plants in Raigarh and Angul, moves raw material to these plants from ports located on the east coast like Paradip, Dhamra and Visakhapatnam. Read More

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