SAIL secures orders worth Rs 650 crore

Steel Authority of India (SAIL) has secured orders worth Rs 650 crore through two bidding processes. The orders are for supplying over 1.17 lakh tonnes of rails to Rail Vikas Nigam (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 is India's largest steel producing company. With a turnover of Rs 49,350 crore, the company is among the five Maharatnas of the country's Central Public Sector Enterprises. SAIL has five integrated steel plants, three special plants, and one subsidiary in different parts of the country.