The MoU intends to fulfill Railways’ vision of world-class railway infrastructure in the country by synergizing the expertise of India’s largest stainless steel producer, JSL and Indian Railways’ trusted fabrication expert, BCL.
This collaboration comes at the right time as Railways is currently in the process of modernization on a massive scale. JSL will be supplying stainless steel to BCL for developing FOBs on railway platforms, ROBs on municipal roads, smart city skywalks, road bridges, and rail bridges. Indian Railways continues to be a prominent customer for JSL with the company holding a share of ~70 percent in the railway wagon segment and 60 percent in the coach segment.
“We are delighted to be a part of this association with BCL, which marks JSL’s contribution in the structural infrastructure segment. It is motivating to see initiation of multiple FOB projects by the government, with many more in the pipeline. We are already working with BCL for developing railway wagons with stainless steel underframes. I am certain that with our quality stainless steel grades and BCL’s expertise in fabrication, we will be able to develop a sustainable railway infrastructure together,” said Vijay Sharma, head of sales at JSL, which is part of the Ratan Jindal group.
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Steel's Net Zero mission
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Fuel Price Hike, Supply Chain Disruption Hurt Festive Sales
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Seaborne coking coal offers remain range-bound
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Global crude steel output down 8% in September
China manufactured 74 mt in September, fall of 21% y-o-y while Indiaâs production went up by 7% to 10 mt.
MOIL embarks on expansion projects
âEven though our country is blessed with manganese ore reserves, we import 50% of the domestic requirement. We have to lower our import dependence and save precious foreign exchange.â Ram Chandra Prasad Singh, Steel Minister
Iron ore handled by major ports down 17% in H1
The 12 major Indian ports handled 27 mt of iron-ore during H1 of 2021, down by 17% from 33 mt recorded for the corresponding period of previous year.
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âIn the third quarter of 2021, the company actively responded to the pressure from external policies, such as production curtailment and dual control system on energy consumption and intensity, as well as coal resource shortage and surging prices.â Baoshan Iron and Steel Co Ltd
Indian Railways' iron-ore handling up 25% in H1
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September crude steel production up 7.2% y-o-y
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âFive enablers: way forward to sustainable cleaner steelâ
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