This is the second big rail order in less than a year, the first-ever rail order to JSPL for supplying close to one lakh tonnes rails to Indian Railways was completed in April, 2019, the filing added.
RVNL functions as an extended arm of the Ministry of Railways. It is empowered to act as an umbrella special purpose vehicle (SPV) to undertake projects directly or by creating project specific SPVs, according to its website.
The required rails will be manufactured and supplied from its Raigarh facility.
Part of the $22-billion OP Jindal Group, JSPL has presence in steel, power, mining and infrastructure sectors. JSPL operates 1 million tonnes per annum (MTPA) rail mill at its Raigarh plant in Chhattisgarh.
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