Tata Steel has signed a long-term tariff contract (LTTC) with Indian railways. The contract can be for a duration of 3-5 years. The company has become the first steel company to enter into such pact with Indian railways.
The main objectives of LTTC includes long-term revenue commitment from customers, preferential treatment to customer for supply of wagons, generation of additional traffic volumes and revenues for railways and freight concession on retention of traffic as well as on incremental traffic.
Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 Company.
