Jindal Steel and Power Limited (JSPL) has invested Rs 200 crore to set up the country’s first commercial facility to manufacture special quality rails for high speed train corridors and Metros. JSPL’s foray marks the entry of the first private steel player in the market for railway tracks. It will provide competition to state run Steel Authority of India’s Bhilai Steel Plant (BSP), the sole supplier of rails to Indian Railways over past four decades.
The new product, ‘head hardened rails’, propels JSPL into the top league of global steel majors with capability to manufacture such rails. JSPL’s new plant will have a capacity of 30,000 tonne of rails per month and has been set up in technical collaboration with SMS MEER , Germany. Incidentally, BSP’s upcoming 1.2 million tonne Universal Rail Mill, also set up by SMS MEER and due to be commissioned in net 1-2 months, too will have the capability to produce head hardened rails and long rails.