Railways to float global tender to procure steel

The national carrier will buy steel from entities other than SAIL for the first time in 30 years

With an increase in demand for steel to build new railway tracks and upgrade existing ones, the Indian Railways is set to float a global tender this quarter to procure 250,000 tonnes of the commodity from private players.

This will be for the first time in close to 30 years that the national carrier will procure steel from entities other than Steel Authority of India (SAIL).

“We will float a tender this quarter. While our demand for the year is around 1.35 million tonnes, SAIL will be able to supply 1.1 million tonnes. Hence, we are going to procure steel