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A government panel stated in a document that Indian steel producers can match the needs of the country's railways and that indigenous rail industry entrants such as Jindal Steel and Power Ltd should be given a chance.
Jindal Steel informed the committee last month that it might supply up to 600,000 tonnes of rails per year to Indian Railways, which recently issued a global offer for 717,000 tonnes of rail.
The committee on domestically manufactured iron and steel goods for government projects is led by the steel ministry's chief bureaucrat, who has stated that the tender violated government policy by prioritising local steel in state projects.
“Prima facie, there exists domestic rail-making capacity for the tendered quantity of ministry of railways,” said the minutes of a committee meeting held on 3 November, which were seen by Reuters on Monday.
“A reasonable supply quantity may be ensured for the new domestic entrant to demonstrate their capability and build up the performance/track record.”
State-run Steel Authority of India Ltd (SAIL), currently the main supplier of rails to Indian Railways, has struggled to supply steel as the world’s fourth-largest rail network tries to upgrade and expand. According to the document, SAIL is expected to deliver only around 950,000 tonnes of rails this financial year, which is two-thirds of the Railways’ needs.
In response, Indian Railways last month opened up the global tender for steel rail, worth an estimated ₹30 billion, to private bidders for the first time. Global steelmakers such as ArcelorMittal and Thyssenkrupp could bid for the tender.
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