Companies

JSW Steel expects Rs 600 crore TMT bar supply to metro projects

Our Bureau Mumbai | Updated on December 03, 2019 Published on December 03, 2019

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In the current financial year, the company expects to increase supplies to the Metro Rail projects to about 1.50 lakh tonnes

JSW Steel expects to supply high quality JSW Neosteel TMT Rebars worth Rs 600 crore to various Metro rail projects under construction this fiscal.

In the last two months, the company had supplied 30,000 tonnes Neosteel Rebars for Metro projects.

This takes its overall supply of rebars to metro construction projects to over 85,000 tonnes in this fiscal.

In the current financial year, the company expects to increase supplies to the Metro Rail projects to about 1.50 lakh tonnes against average of 1 lakh tonnes logged in last few years.

It is supplying to Metro Rail projects in Mumbai, Nagpur, Pune, Bangalore, Chennai, Kolkata, Indore, Bhopal, Lucknow and Ahmedabad.

The ongoing supplies and those already completed in the current fiscal will boost JSW Steel’s supplies to metro rail projects to over Rs 600 crore following successful completion of these deliveries.

The company bagged these Metro Rail orders through key EPC partners with ongoing supply arrangements. The Metro Rail projects in these cities are expected to cumulatively add over 760 km urban rail transit lines to India’s fast expanding metro network.

Jayant Acharya, Director (Commercial, Marketing & Corporate Strategy), JSW Steel said the demand for Neosteel TMT Rebars has remained strong over the last few months and this trend is continuing with strong order pipeline.

JSW Steel’s modern manufacturing facilities are located in strategic location across south and west of India to tap key infrastructure projects and the company remains preferred supplier due to combination of superior quality, flexible rolling schedules and adherence to specifications.

The State governments have cumulatively earmarked more than $50 billion to construct over 760 kms of Metro lines in major cities.

These rail-based ‘Mass Rapid Transit Systems’ have been widely accepted as a solution for most of the traffic and environmental pollution related problems.

Published on December 03, 2019
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