• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Advertisement

New Delhi, Feb. 6

Steel Authority of India Ltd (SAIL) on Tuesday signed a memorandum of understanding (MoU) with the Indian Railways for supply of 34 high power locomotives over the next three years.

The MoU has been signed with a primary objective of enabling the steel major to meet its increased requirement of material handling under its growth plan, according to a company release.

Procurement of high-power locomotives is a strategic initiative by SAIL to utilise its logistical capabilities to the fullest potential. These locos will enable faster movement of materials on full-rake basis, leading to a substantial reduction in detention time for the railway wagons.

All the locomotives committed for SAIL under the MoU will be manufactured at Panvel in Mumbai, where a branch of the Indian Railways' Diesel Locomotives Workshop, Varanasi has been set up. As a result of the confirmed orders from SAIL, the new workshop at Panvel now remains completely booked for the next three years, the release added.

More Stories on : Alliances & Joint Ventures | Railways | Steel | Steel Authority of India Ltd

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Lakshmi Machine in modernisation mode

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line