Jindal Steel and Power Ltd (JSPL) has completed delivery of its one lakh ton first-ever rail order, which the firm had bagged from the Indian Railways.
In July last year, JSPL had received from the national transporter an order of one lakh ton rails, to be supplied within a year.
"In a significant development, JSPL has completed delivery of first ever rail order to supply rails to Indian Railways. The company had bagged 20 percent of the 2,500 crore global tender by the Railways to supply long rails," JSPL said in a BSE filing.
JSPL was to supply 97,400 tons of rails to the national transporter over a period of one year. The company dispatched the first consignment on August 15, 2018 and completed the delivery under the contract on April 22 this year--almost four months ahead of schedule.
The order, which was to be completed over a period of one year, has been completed ahead of the scheduled time, JSPL Joint Managing Director N.A. Ansari said.
He also said that recently JSPL bagged an additional order of 30,000 ton long rails from the Indian Railways.
"We are proud to contribute to government's Make In India initiative. These achievements are testament to the capability of our team as well as our valued partnership with Railways. We continue to stay committed to developing Infrastructure needs," he said.
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