You are here: Home » Economy & Policy » News
Business Standard

Japan's Sumitomo, Jindal Steel among 8 bidders for Railways' global tender

The tender will end the monopoly of state-owned Steel Authority of India in supplying rails

Reuters  |  New Delhi 

Japanese trader Sumitomo Corp and India's Jindal Steel and Power Ltd are among eight bidders competing for Indian Railways' first global tender to supply 487,000 tonnes of rails, a government official told Reuters. The other bidders are East Metals AG, a unit of Russian steel and coal producer Evraz, Austrian company voestalpine Schienen, CRM Hong Kong Trading Ltd, New Delhi-based Atlantic Steels, French company British Steel France Rail and China-based Angang Group International, according to the official with direct knowledge of the matter. The official declined to be ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, December 22 2017. 21:53 IST