September 07, 2008

RINL inks MoU with RITES for rail network

Rashtriya Ispat Nigam Limited announced that it has signed a 5 year MoU with Rail India Technical & Economic Services Ltd for design and implementation of the railway network required as a part f its ongoing 6.3 million tonne and beyond. The agreement was signed by Mr AK Banerjee ED projects of RINL and Mr Jeevan Gupta ED of RITES.

The scope of MoU is as under

1. The job involves laying of Railway lines within the VSP’s land boundary for the incoming raw materials in the raw material yard and out going finished products in the finished product yard for the expansion and shall be handling an additional traffic of about 8.5 million tonnes. The total tonnage to be handled is likely to double with the plant expansion to 6.3 million tonne capacity.

2. RITES shall also be involved in the design of railway lines at captive mines of VSP both at Jaggayapeta and Madharam.

3. RITES shall be extending the services to obtain the clearance of ministry of railways for the detailed project report prepared by principal consultant MN Dastur & Co.

4. They will also be supervising the work and assure quality control to facilitate obtaining the fitment certificate of railways for movement of traffic.