Tags Posts tagged with "Rail"



According to a government official, among the eight bidders who are competing for Indian Railways’ first global tender to supply 487,000 tonnes of rails, the most prominent ones are- Japanese trader Sumitomo Corp & India’s Jindal Steel and Power Ltd. The tender was drafted openly on Friday, 22nd Dec.

The other popular bidders are East Metals AG, which is a unit of Russian steel and the coal producer Evraz, Voestalpine Schienen which is a Austrian company, the CRM Hong Kong Trading Ltd, the New Delhi-based Atlantic Steels, a French company, British Steel, France Rail and lastly the China-based Angang Group International.

The tender is supposed to end the monopoly of the state-owned Steel Authority of India Ltd. (SAIL) in supplying rails to the world’s fourth largest rail network of India. Heavy losses have made SAIL struggle to meet the railways’ rising demands.

The steel and rail ministries of India, however, have always been engaged in a head-on dispute over the state-run network’s decision to buy the required amount of rails from overseas. This problem continues to hamper the railways despite the assurances of supply from SAIL & the New Delhi-based Jindal Steel and Power.

After several meetings, the railways of India slashed its tender size by more than 30 % to 487,000 tonnes of rails after SAIL had said that it would scale up its supply to 950,000 tonnes in this year and 1.5 million tonnes in the next.

The committee which oversees domestically manufactured iron and steel products for several government projects is currently headed by the top civil servant in the ministry of steel.

The panel had also given a one-time waiver to the Indian railways to gather or buy the rails from overseas on one condition that, it would give 20 % of the contract to a domestic steel producer. This clause could help Jindal Steel in winning its first contract with the Indian railways.

The waiver came after a meeting held at PM Narendra Modi’s office on Dec. 19 between officials of ministry of steel and the Minister of Railways, Piyush Goyal.

Prime Minister Modi’s office recently asked all the government departments to prioritise the use of local assets in state projects, after domestic companies had objected to the open tender by the Indian railways.




It is now obviously clear that the Delhi Metro which once used to be pro people and people friendly has now become anti people and an organisation to mint exorbitant profits by intruding into the pockets of 80 percent of the commuters hailing from lower strata and the middle class of the society. It’s amply clear now that its no more for the peoples’ convenience n welfare but for earning handsome profits out of the already disturbed and worried middle and lower middle class of Delhi. Just imagine an organisation which is already running into excessive profits ferrying to and fro about 27 lakh commuters who are private employees, government servants, petty workers, small and medium businessman, traders, students and the labour class has now after doubling the metro fares in just six months created havoc with the lives of Delhi commuters by disturbing their already squeezed budget. Just imagine the maximum fare which was Rs. 30 few months ago has been arbitrarily escalated to Rs. sixty and every slab also almost doubled. Was it for this, we vote political parties to impose huge monetary penalties on us and instead of making our lives comfortable make them cumbersome and in quandary to survive. The prices of the petroleum products have already been skyrocketted despite the international prices of the crude being cheap. The inflation is touching skies. Growth rate falling down. This is actually like paying penalties for the default not committed by us. What sounds more bothering is the fact that if the METRO is already running into profits( and if running in losses should be subsidised as its a public transport) and the Delhi government is unwilling for the metro fare increase, perhaps ready to partially bear the losses if any what warranted the Delhi Metro to harras and victimise three million commuters travelling on daily basis. Despite this if the underprivileged and economically deprived sections of the society goes for an alternative cheaper mode of transport like DTC one will be surprised and shocked to learn that there are hardly buses on DELHI roads except very few. Majority of the DELHI TRANSPORT CORPORATION BUSES are off the roads and may take one hour or more to wait for the buses of particular destination. The CMD of DELHI METRO CORPORATION Mangu Singh should give a rethinking to his arbitrary and anti poor decision and immediately withdraw the exorbitant n unjustifiable fares’ hike. This unjustifiable hike has definitely broken the backbone of majority of the commuters?