Jindal Stainless signs an MoU with BCL
01 November 2019
Aiming at its advent in structural infrastructure applications, Jindal Stainless signed a Memorandum of Understanding (MoU) recently with Braithwaite & Co Limited (BCL), a Government of India undertaking under the Ministry of Railways, to develop stainless steel foot-over-bridges (FOBs), road-over-bridges (ROBs) etc., on the sidelines of the ongoing International Railway Equipment Exhibition (IREE) in New Delhi. This MoU intends to fulfill Railways’ vision of world-class railway infrastructure in the country by synergizing the expertise of Jindal Stainless and BCL. This collaboration comes at the right time as Railways is currently in the process of modernization on a massive scale. Jindal Stainless will be supplying stainless steel to BCL for developing FOBs on railway platforms, ROBs on municipal roads, smart city skywalks, road bridges, and rail bridges. Indian Railways continues to be a prominent customer for Jindal Stainless with the company holding a share of ~70% in the railway wagon segment and 60% in the coach segment.