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 ...
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