SAIl bags ` 650cr rail supply orders
Steel Authority of India ltd (SAIl) has bagged contracts for supplying over 1.17 lakh tonnes of rails by bidding successfully for two global tenders floated by Rail Vikas Nigam limited (RVNl) for major upcoming passenger rail line projects in the country. The total value of the two contracts is over Rs. 650 crore. Domestic as well as global rail manufacturers had participated in the tender.Based on the guidelines of Asian Development Bank, the funding agency for the projects, RVNl had issued global tenders to get the best prices from the best supplier with prior experience of supplying rails with high quality specifications. RVNl is a special purpose vehicle created by the Government in 2003 for development and implementation of projects pertaining to strengthening of the Golden Quadrilateral and port connectivity.SAIl will supply 106,600 tonnes of UIC 60 kgs/m rails and an additional 10,740 tonnes of IRS 52 kgs/m rails to RVNl for four important passenger carrying railway line projects connecting Hospet-Tinaighat, Daund-Gulbarga, Titlagarh-Raipur and Sambalpur-Titlagarh