Jindal Stainless to tie-up with railways

Kolkata: Jindal Stainless, India’s stainless steel producing major, has partnered with the railways to implement the Indian Railways’ plans to increase and ease wagon manufacturing in the country. It is now working with the railways’ Research Designs and Standards Organisation (RDSO) to develop two wagon models.

At the Railway Wagon Manufacturers’ Meet in the city Jindal Stainless Head Sales Vijay Sharma said, "Jindal Stainless holds a 70 per cent market share in the stainless steel wagon segment. At present, we are supplying 35,000 MT of stainless steel annually to wagon manufacturers, which will nearly double by the end of FY20."

He elaborated, "Our R&D team, in collaboration with the RDSO, is working on developing two new wagon models-BOBRN and BOST, which will be lighter and have greater anti-wear and tear properties."

Presently, the total number of wagons in the country is over 2,00,000. In the next 5 years.