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Budget proposal for new rail lines to boost SAIL's order book

The state-run steel maker is the sole supplier of rails to the Indian Railways

SAIL
A man stands next to an advertisement of Steel Authority of India Ltd. (SAIL) at a street in New Delhi, India. Photo: Reuters

The proposal of laying 3,500-km new rail lines by the Indian Railways would boost the order portfolio of state-run Steel Authority of India Ltd (SAIL). In Budget 2017, proposal has been made to build new rail lines that would be about 25 per cent more than in the current financial year. In 2016-17, 2,800-km new rail lines were proposed. The Indian Railways would be requiring about 420,000 tonnes of rails for the new lines, which SAIL would be supplying. The state-run steel maker is the sole supplier of rails to the Indian Railways. The Bhilai Steel Plant (BSP), the ...