Railways  global tender for supply of long rails to open today

This is the first time in three decades that rail procurement has been opened for the private sector.The Indian Railways’ global tender worth Rs 2,500 crore for the supply of long rails will open today, sources in the ministry said.

The railways had to invite the global tender for procuring around 4.87 lakh metric tonnes of rails to meet the shortfall of supply from the Steel Authority of India Limited (SAIL).

The railways is looking at 4,000 km of track renewal in each of the next two financial years-2018-19 and 2019-20. Its estimated cost for 2018-19 is a little above Rs 10,000 crore.