India’s only private sector rail producer, Jindal Steel & Power (JSP), will install the India’s first rail wheelset manufacturing plant at its Raigarh facility in Chhattisgarh. JSP has collaborated with GIFLO Steel-Hungary for the ambitious project.
The MoU for technology collaboration has been signed between GIFLO Steel-Hungary and Jindal Steel at the “India Hungary Business Forum” organized by the Embassy of Hungary along with FICCI in New Delhi on May 27.
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 used in rail tracks switches, specially for high speed train tracks.
“We at Jindal Steel are committed to Atma Nirbhar Bharat Abhiyan. The rail wheelset manufacturing plant will help Indian Railways to speed up the modernization of its infrastructure by making available world-class rail wheels," said V.R. Sharma, Managing Director of Jindal Steel.
“Having competence for rail rolling, JSP is working to meet our country’s demand of various grades of rails while maintaining international quality and safety standards. Our rail mill in Raigarh has been supplying special grades of rails to various Metro and Indian Railway projects," Sharma added.
Jindal Steel & Power is an industrial powerhouse with a dominant presence in steel, power, mining and infrastructure sectors.
Having an investment of $12 billion across the globe, the company is continuously scaling its capacity utilization and efficiencies to capture opportunities for building a self-reliant India.
