Ministry of Railways has floated a global tender to procure seven lakh tonne of rail, worth about ₹3,500 crore, instead of purchasing from the Steel Authority of India Limited (SAIL), in a bid to clear pending track renewal work, as per news reports.

“We floated a global tender on October 12 to procure seven lakh tonne additional rail, which will help us to ensure that the backlog of track renewal is cleared,” said Piyush Goyal, Railways Minister.

At present, the Railways procures rail solely from public sector SAIL which is the largest steel producer in the country. The move comes five months after the Union Cabinet approved a policy to provide preference to domestically manufactured iron and steel products in government procurement.

The Ministry had decided that the rails earmarked for constructing new lines would be diverted for renewing tracks in accident-prone areas in the wake of rising derailment cases.

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