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Swarajya Staff
Oct 03, 2018, 03:56 PM | Updated 03:56 PM IST
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Meeting the requirements of the Indian Railways is one of the key priorities if not the key priority of Steel Authority of India’s (SAIL) says its newly appointed chairman Anil Chaudhary, Financial Express has reported.
While addressing the workers of the Bhilai Steel Plant in Chhattisgarh, the chairman said, “We have to meet the current market competition and get business advantage. Fulfilling the rail requirements of Indian Railways is our highest priorities,”.
The Steel industry is progressing and is going through a better phase than before and this is the time to take maximum advantage of this opportunity, he said. He also emphasised on collective efforts on the part of employees and management to increase production at the plant.
The plant also specialises in other products such as wire rods, merchant products, heavy structures including channels and beams apart from producing rails. It also produces TMT products of earthquake-resistant grade.
The domestic supplier of rails to Indian Railways - one of the world’s biggest state-owned organisations, had lost its tag as the sole supplier when it was reported that Railways had floated a global tender to procure 4.87 lakh metric tonnes of rails due to SAIL failing to meet the requirements.
Naveen Jindal-led Jindal Steel and Power (JSPL) thus became the first private player to supply to the Indian Railways by bagging 20 per cent of the tender order. The first batch of rail consignments were flagged off by JSPL in August from its Raigarh plant in Chhattisgarh.