The company in a statement said two global tenders totalling to Rs 650 crore were floated by Rail Vikas Nigam (RVNL) for major passenger railway line projects in the country.
Steel Authority of India ( SAIL ) today said it has won two global tenders for supplying over 1.17 lakh tonne of rails worth Rs 650 crore.
The company in a statement said two global tenders totalling to Rs 650 crore were floated by Rail Vikas Nigam (RVNL) for major passenger railway line projects in the country.
SAIL would supply varieties of rails to RVNL for four important passenger railway line projects connecting Hospet-Tinaighat, Daund-Gulbarga, Titlagarh-Raipur and Sambalpur-Titlagarh.
The schedule for supply of the high quality (Grade 880 Class A) rails by SAIL would be completed within 18 months from the date of award of contract, the company said.
SAIL's flagship Bhilai Steel Plant (BSP), which had been supplying rails to the Indian Railways since its inception fulfilled total requirement of seven lakh tonne annually.
BSP was gearing up to meet all future requirements of the Railways, including head-hardened rails with ongoing Rs.17,265-crore modernisation and expansion programme.
Sail said work was progressing rapidly at BSP's new 1.2 million tonne per annum capacity plant.
SAIL stock price
On April 17, 2014, Steel Authority of India closed at Rs 70.10, up Rs 0.55, or 0.79 percent. The 52-week high of the share was Rs 75.90 and the 52-week low was Rs 37.65.
The company's trailing 12-month (TTM) EPS was at Rs 6.32 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 11.09. The latest book value of the company is Rs 99.32 per share. At current value, the price-to-book value of the company is 0.71.
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