Essar Steel to supply steel to KRCL sky bus project.
April 29, 2004
Essar Steel Ltd. ( ESL) has signed an MOU with Konkan Railway Corporation (KRCL) for supply of steel plates for their prestigious sky bus projects to be executed both in India and abroad.
KRCL has received an LOI for building a 17 km sky bus project in Goa and many such similar projects are in advanced stages of finalisation. Initially, KRCL will lay a test track of 1.6 km at Madgaon which will be ready shortly.
As per the terms of the agreement, ESL shall be a preferred steel supplier and Konkan Railway would source at least 50% of their requirement of steel plates for all sky bus projects.
When contacted, Mr Vikram Amin, Executive Director, Essar Steel confirmed the development and said, "that the initial lot of steel plates for the test track has already been supplied and Essar is keenly awaiting the completion of this project. Essar Steel looks forward to receiving orders for similar projects by Konkan Railway".
He also further mentioned that mass public transportation being the priority and such projects provides the most cost effective solution, Essar takes pride in associating with such ventures with esteemed organizations like KRCL.
Essar Steel operates 2.4 mmtpa state of the art steel plant at Hazira. During the year, ESL has become approved supplier to leading international earthmoving equipment manufacturer and automobile companies. The company is continually endeavouring to reduce cost and increase plant efficiency.
Essar Steel is part of Rs 17,000 crore Essar Group having interests in Steel, Shipping, Telecom, Power, Oil & Gas and Constructions.
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