Jindal Steel & Power is planning to install India’s first Rail Wheelset manufacturing plant at its Raigarh facility in Chhattisgarh. The company has collaborated with GIFLO Steel - Hungary for this ambitious project. The MoU for technology collaboration has been signed between GIFLO Steel - Hungary & Jindal Steel at the ‘India Hungary Business Forum’ organized by the Embassy of Hungary along with FICCI in the national capital on May 27, 2022. The plant will have an initial capacity of 25,000 Wheelsets per year. Jindal Steel will also install a Rail forging unit for Asymmetric Rails which are used in Rail track switches, especially for high-speed train tracks.
Jindal Steel & Power is one of India’s fastest growing and largest integrated steel manufacturers, significantly present in Steel, Power Generation and Infrastructure segments and catering to a large part of India's domestic energy and infrastructure requirement.
| Company Name | CMP |
|---|---|
| Jindal Steel | 1232.40 |
| Lloyds Metals&Energy | 1745.05 |
| Jai Balaji Inds | 86.51 |
| Steel Exchange India | 10.40 |
| Rajputana Stainless | 141.75 |
| View more.. | |
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