Jindal Steel & Power to set up rail wheels plant in Chhattisgarh
Jindal Steel & Power (JSPL) plans to install rail wheel set manufacturing plant at its Raigarh facility in Chhattisgarh. JSPL has collaborated with GIFLO Steel - Hungary for the project.
The memorandum of understanding (MoU) for technology collaboration has been signed between GIFLO Steel - Hungary and JSPL at the India Hungary Business Forum organized by the Embassy of Hungary along with FICCI in the national capital on 27th May 2022.
The plant will have an initial capacity of 25,000 wheelsets per year. The company will also install a rail forging unit for asymmetric rails which are used in rail track switches, especially for high-speed train tracks.
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