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Jindal Steel bags order to supply long rails to Tata-Aldesa joint venture

24 Jun 2014 Evaluate

Jindal Steel and Power (JSPL) has bagged order to supply around 88,000 tonnes of long rails to the Tata-Aldesa joint venture for use in the Eastern Dedicated Freight Corridor. The company will use its special freight train operator licence from the Indian Railways to transport the rails from its mother plant in Raigarh, Chhattisgarh, to the project site.

Tata-Aldesa is building more than 300 km of rail lines of the Eastern Freight Corridor between Khurja and Kanpur, after securing the project from the Dedicated Freight Corridor Corporation of India.

Moreover, the company has submitted a registration fee of Rs 10 crore for the special freight train operator (SFTO) licence to transport these rails. Further, the steelmaker proposes to operate these rakes from October-November of 2014.

JSPL is a part of Jindal Group and is a leading player in Steel, Power, Mining, Oil & Gas and Infrastructure. The company produces economical and efficient steel and power through backward integration from its own captive coal and iron-ore mines and passes on the benefits to its customers.

Jindal Steel Share Price

1260.40 -9.10 (-0.72%)
20-Apr-2026 09:41 View Price Chart
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