Order Bagged in Details
JSPL+bags+Rs+665+crore+rail+order+from+RVNL Print Article

JSPL bags Rs 665 crore rail order from RVNL

Date: May 09, 2019
Steel maker Jindal Steel and Power Ltd (JSPL) Thursday said it has bagged a Rs 665 crore order from Rail Vikas Nigam Ltd (RVNL) to supply 89,042 tonnes of rails.
JSPL has won an order from RVNL "to supply 89,042 tonnes of UIC 60 kg IRS T-12 880 grade 13 meter rails for its upcoming projects," the company said in a regulatory filing.
"This order is indicative of JSPL's strategic commitment to growing its footprint in the domestic Rail segments," JSPL Managing Director Naushad Akhter Ansari said.
This is the second big rail order in less than a year, the first-ever rail order to JSPL for supplying close to one lakh tonnes rails to Indian Railways was completed in April, 2019, the filing added.
RVNL functions as an extended arm of the Ministry of Railways. It is empowered to act as an umbrella special purpose vehicle (SPV) to undertake projects directly or by creating project specific SPVs, according to its website.

Advertise here