Bhubaneswar: Jindal Steel & Power Ltd (JSPL) is planning to double its rail making capacity by commissioning a modern 1.2 million tonne per annum (MTPA) rail and heavy structure mill at its Angul Steel complex in Odisha.
“JSPL will set up a new 1.2 MTPA rail mill at Angul. After the commissioning of the new mill, the total rail-making capacity will be more than doubled to 2.2 MTPA,” a company statement said on Thursday.
Sources said the estimated investment could be in the range of Rs 2,500 crore to Rs 3,000 crore.
The steel maker owns and operates 1 MTPA rail mill at its Raigarh unit, Chhattisgarh, where it manufactures speciality rails like 1175 HT, R350 HT, asymmetric rails, and 1080 HH (head hardened) rails for the Railways, metro projects and high-speed freight corridors.
“Our company is proactively augmenting rail manufacturing capacity to support the ongoing expansion and modernisation of the Indian rail network. We are committed to support the government’s initiatives like Gati Shakti Yojna, AtmaNirbhar Bharat by making available domestically produced products at competitive prices against imported items,” JSPL Managing Director Bimlendra Jha said in a statement.
JSP is also exporting its “Made in India” rails to multiple countries around the world. It has supplied speciality rail blooms for the European railways, thus positioning itself as a world-class rail manufacturer, it added.
Comments are closed.