Tata and Jindal among top five cos to bag ₹1,586-cr Railways order

economictimes.indiatimes.com:

Tata Steel, Jindal Steel and Power Limited (JSPL), ArcelorMittal Nippon Steel (AM/NS), Steel Authority of India Limited (SAIL), and Jindal Stainless Limited (JSL) have bagged steel supply contracts worth ₹1,586.39 crore from the Railways.
According to officials aware of the development, bids for procuring Mild/Corten Steel Sheets/Plates/Coils were called in July 2023 but award only be finalised earlier this month.
Another tender was called for buying stainless steel sheets and plates in February 2024 which was also awarded at the same time. Public sector undertaking Steel Authority of India Limited (SAIL) has bagged the lion's share in both tenders. SAIL will be supplying 1.05 lakh metric tonnes (MT) of steel worth ₹671.27 crore and another 16,356 MT of stainless steel worth ₹217.90 crore.

Tata Steel has got the second highest supply quantity with 52,753 MT of steel being procured by the Indian Railways for ₹333.48 crore. The steel procured will come handy in fabrication of railways wagons, coaches, and foot over bridges among other uses. Indian Railways has recently raised its locomotive production target for fiscal 2025 by 27% to 1,500 units. The national transporter aims to keep this annual production target unchanged till FY27.

The railways have eight production units in the country where they make wheels, axles, locomotives and coaches. They had aimed to close the fiscal 2023-24 with 1,180 new locomotives.