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Friday
September 2019
9:57 PM IST
News Headlines
We have to hug each Kashmiri, create new paradise: Modi        Rajnath Singh becomes first Defence Minister to fly in Tejas fighter aircraft        Netanyahu''s rival Gantz says he should be PM in unity government        Tunisia''s ex-president Ben Ali dies in exile        Sindhu out of China Open, Praneeth enter quarterfinals        Former Dutch soccer player Maynard shot dead        Israel election: Netanyahu trails by a seat with majority votes counted        MODI Pak refuses India''s request to open airspace for PM Modi citing ''situation in Kashmir''        HINDI Never asked for imposing Hindi over native languages, says Shah; Stalin postpones protest        Rupee stems losses, rallies 54 paise to 71.24 vs USD on easing oil prices        Kohli hits unbeaten 72 as India outplay SA to begin home season with a bang        Vinesh locks Olympic quota with bronze at Worlds, Pooja in line for second medal        China Open: Sindhu, Praneeth, Kashyap enter second round, Saina crashes out        Azad, Ahmed Patel meet Chidambaram in Tihar jail        DRDO, Air Force successfully test-fire ''Astra'' missile        NGOs receiving substantial financing from govt come under RTI Act, says SC        All party meet decides to explore legal options to help flat owners        Taliban kill at least 48 in bloody day ahead of Afghan polls        Pompeo heading Tuesday to Saudi Arabia over Iran tensions: Pence        Oil sinks 5% on forecasts of quick Saudi output recovery        
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Business News
JSPL supplies 1.26 LT rails to Indian Railways
 
New Delhi: Jindal Steel and Power Ltd (JSPL) on Wednesday said it has completed delivery of its 1.26 lakh tonne rail order from the Indian Railways.

In July last year, JSPL had received from the national transporter an order of about one lakh tonne rails, which was later extended by over 26 lakh.

"In a boost to Indian Railways, JSPL has successfully executed the first-ever rail order to Indian Railways on July 29, 2019. JSPL has supplied 1,26,604 tonnes of long rails to Indian Railways in record time ahead of schedule. Out of this total quantities, JSPL supplied 97,400 tonnes of long rails on April 22, 2019," the company informed the exchanges.

The total value of the order was Rs 732 crore, the company said.

JSPL further said it has recently won a Rs 665 crore order from Rail Vikas Nigam Ltd (RVNL), an arm of the Ministry of Railways, to supply 89,042 tonnes of UIC 60 kg IRS T-12 880 grade 13 meter rails for its upcoming projects.

"JSPL is also expecting orders of a minimum volume of 2 lakh tonnes per annum of 13/26 metre rails from Rail Vikas Nigam Limited (RVNL) and IRCON International Limited," it added.

The railways had invited the global tender for procuring around 4.87 lakh metric tonnes of rails to meet the shortfall in supply from the Steel Authority of India Limited (SAIL).

Part of the USD 18-billion O P Jindal Group, JSPL has presence in steel, power, mining and infrastructure sectors.

It is the only private steel company that produces long rails in India.

The company operates a one million tonne per annum (MTPA) rail mill at its steel plant in Raigarh, Chhattisgarh.


Rupee stems losses, rallies 54 paise to 71.24 vs USD on easing oil prices
Oil sinks 5% on forecasts of quick Saudi output recovery
Some 46,000 General Motors auto workers strike in US
Sensex cracks nearly 300 pts; oil and gas stocks tank
Air India posts Rs 4,600 cr operating loss in 2018-19; aims operating profit this fiscal
SBI to move RBI to offer fixed-floating rate home-loans: Chairman
Inflation under control, clear signs of revival in factory output: FM
China to lift punitive tariffs on US soybeans, pork
Exports decline 6 pc; imports dip 13.45 pc
Retail inflation inches up to 10-month high of 3.21 pc in August
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Samruddhi Corridor: MSRDC ties up loans of Rs 28,000 crore
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Alibaba's Ma steps down as industry faces uncertainty
Ahead of festivals, SBI again cuts lending rates by 10 bps
Sensex drops over 150 pts; bank, auto stocks drag
15th Finance Commission holds meeting with Raj bodies, industry
PNB puts up for sale 11 NPA accounts to recover dues of Rs 1,234 cr
States to be key drivers of growth for making India USD 5 trillion economy: Niti CEO
FinMin sets up task force to identify infra projects for Rs 100 lakh cr investment
KERALA NEWS
Government to rebuild Palarivattom flyover
 Thiruvananthapuram: The state government has decided to demolish and rebuild Palarivattom flyover as  
CM demands PSC questions in Malayalam
Tipplers guzzle Rs 487 crore worth liqour during onam
candidate selection for Pala by-election is an internal matter of KC(M): Chandy
INTERNATIONAL NEWS
Netanyahu''s rival Gantz says he should be PM in unity government
 Jerusalem: Benjamin Netanyahu''s main challenger Benny Gantz on Thursday presented himself as the ne
Tunisia''s ex-president Ben Ali dies in exile
Israel election: Netanyahu trails by a seat with majority votes counted
MODI Pak refuses India''s request to open airspace for PM Modi citing ''situation in Kashmir''
NATIONAL NEWS
We have to hug each Kashmiri, create new paradise: Modi
 Nashik: Blaming the Congress for the plight of Kashmiris for decades, Prime Minister Narendra Modi o
Azad, Ahmed Patel meet Chidambaram in Tihar jail
DRDO, Air Force successfully test-fire ''Astra'' missile
NGOs receiving substantial financing from govt come under RTI Act, says SC
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