Five lakh tonnes of imported coking coal to be transported
Five lakh tonnes of imported coking coal will be transported per annum using the Paradip-Haridaspur railway line by the Steel Authority of India Limited (SAIL) as per agreement.
By PTI |
ROURKELA: Five lakh tonnes of imported coking coal will be transported per annum using the Paradip-Haridaspur railway line by the Steel Authority of India Limited (SAIL) as per agreement.
A traffic guarantee agreement was signed yesterday with Rail Vikas Nigam Limited (RVNL) under the Ministry of Railways and the SAIL for transportation of an assured volume of five lakh tonnes imported coking coal, RSP sources said here today.
SAIL also handed over a cheque for Rs 2.5 crore as its equity contribution in Haridaspur-Paradip Ralway Company Ltd. which has been formed by RVNL as a special purpose vehicle for development of an 82 km railway line in Orissa to connect Paradip port with the hinterland.
By becoming a strategic investor in the company, SAIL had been ensuring availability of required number of rakes from the Indian railways for movement of imported coking coal to meet its increased producttion targets of 2010. The company will also avail reduced freight rates for some destinations.
A traffic guarantee agreement was signed yesterday with Rail Vikas Nigam Limited (RVNL) under the Ministry of Railways and the SAIL for transportation of an assured volume of five lakh tonnes imported coking coal, RSP sources said here today.
SAIL also handed over a cheque for Rs 2.5 crore as its equity contribution in Haridaspur-Paradip Ralway Company Ltd. which has been formed by RVNL as a special purpose vehicle for development of an 82 km railway line in Orissa to connect Paradip port with the hinterland.
By becoming a strategic investor in the company, SAIL had been ensuring availability of required number of rakes from the Indian railways for movement of imported coking coal to meet its increased producttion targets of 2010. The company will also avail reduced freight rates for some destinations.
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