JSW Steel supplies ‘JSW Neosteel’ TMT rebars for Metro Rail
Metro Rail construction to boost JSW Steel’s supplies by over Rs 600 crore in FY20
In October and November, JSW Steel supplied more than 30,000 metric tonnes high quality JSW Neosteel TMT rebars towards construction of Metro projects in various Indian cities. This takes the company’s overall supplies of JSW Neosteel TMT Rebars for metro construction projects to more than 85,000 metric tonnes so far in this fiscal. JSW Steel has been supplying its Neosteel TMT Rebars to Metro Rail projects across India since inception of the Metro Rail projects. In current financial year, the company expects to increase its supplies to the Metro Rail projects to about 150,000 metric tonnes as compared to its supplies averaging 100,000 metric tonnes per year over last few years.
The company is supplying to Metro Rail projects in Mumbai, Nagpur, Pune, Bangalore, Chennai, Kolkata, Indore, Bhopal, Lucknow & Ahmedabad. The ongoing supplies as well as those already completed during the current fiscal will boost JSW Steel’s supplies to Metro rail projects by more than Rs 600 crores 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 more than over 760 kilometers urban rail transit lines to India’s fast expanding metro network.
Jayant Acharya, director – commercial, marketing & corporate strategy for JSW Steel, said, “Over the last few months, we have completed large supplies of high grade JSW Neosteel TMT Rebars to these Metro Rail Projects and continue to stay on track to service the ongoing order pipeline. JSW Steel’s state of the art manufacturing technology & equipment ensures best-in-class quality products with higher level of strength & ductility. These facilities are located in strategic location across South & West of India enabling better servicing of key infrastructure projects. A combination of superior product quality, better customer service, flexible rolling schedules and adherence to specifications ensures we remain a preferred supplier of steel products to India’s growing Metro rail network.”
The respective state governments have cumulatively earmarked more than $50 billion to construct the current phase of over 760km Metro lines in these 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 which major cities throughout the world are now facing. Metro construction activities are being undertaken in a big way in India including expansion of existing metro networks. Rapid economic and infrastructural development has seen a substantial increase in demand for steel in India and JSW Steel is focussing on playing a significant role in this story.