Indian Railways to float global tender to address paucity of rails
Indian Railways had invited 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). This is the first time in three decades that rail procurement has been opened for the private sector.
The national transporter is looking at 4,000 km of track renewal in each of the next two financial years, 2018-19 and 2019-20. Image source: Reuters