Jindal Steel and Power Ltd to increase its rail freight loading
Jindal Steel and Power Ltd (JSPL) expects s to increase its rail freight loading by 50 per cent this year. They are in the plans to lug 30 million tonne (mt) in the ongoing fiscal year against 20 mt in FY2018.
The company has two plants in Raigarh and Angul and moves raw material to these plants from ports located on the east coast like Paradip, Dhamra and Visakhapatnam. The Jindal’s overall spend on the rail freight will be about ₹3,700 crore for hauling raw material to its plants and final products to customers.
JSPL is also widening its investments in special wagons under the special freight train operator (SFTO) scheme of Indian Railways which enables it to get discounts on freight rates by carrying cargo using those wagons. JSPL also acquired an SFTO licence which allows them to move long rail tracks to be laid in the ongoing Eastern dedicated rail freight corridor under construction, invested in three special trains to move these rail tracks.
Currently, JSPL has now placed order for three rakes sets of wagons from Jindal Rail Infrastructure.