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Jindal Steel Gets Its Second Biggest Order From Indian Railways, To Supply 89,000 Tonne Of Rails Worth Rs 665 Crore
Indian Railways (NOAH SEELAM/AFP/Getty Images)
The Rail Vikas Nigam Ltd (RVNL) has awarded Jindal Steel and Power Ltd (JSPL) an order to supply 89.042 tonnes rail for its upcoming projects. The project worth Rs 665 crore is JSPL’s second biggest order in just a year from Indian Railways, Financial Express has reported.
Speaking to media, JSVL Managing Director Naushad Akhter Ansari, said: “This order is indicative of JSPL’s strategic commitment to growing its footprint in the domestic Rail segments.”
JSVL completed its first rail order ever by supplying close to 1 lakh tonnes rails to the Indian Railways in April 2019. This project will be the company’s second such contract in less than a year. JSVL is part of the OP Jindal Group, a $22 billion conglomerate with interests in steel, power, mining and infrastructure projects.
RSVL operates as an extended arm of Indian Railways and acts as an umbrella special purpose vehicle (SPV) to award and undertake projects.
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