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SAIL has bagged ₹650 crore contracts through two bidding processes. The contracts are for supplying over 1.17 lakh tonnes of rails to Rail Vikas Nigam Ltd (RVNL).
Based on the guidelines of Asian Development Bank, the funding agency for the passenger line projects, RVNL had issued global tenders for four passenger carrying railway line projects — Hospet-Tinaighat, Daund-Gulbarga, Titlagarh-Raipur and Sambalpur-Titlagarh.
SAIL would have to complete the supply within 18 months from now.
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