Naveen Jindal is a fighter. He is used to winning. When a case was filed against him for flying the national flag atop the headquarters of his company, Jindal Steel and Power Ltd. (JSPL), he took the matter all the way to the Supreme Court and won the right to do so. Thanks to him, Indian citizens can fly the national flag in homes and offices. In 2004, contesting his first Parliamentary elections, Jindal defeated the son of the sitting chief minister of Haryana by over a lakh-and-a-half votes.
Railways’ Research Designs and Standards Organisation (RDSO) inspected JSPL’s rail mill in 2005 and later in 2008 approved it. “The company installed the RH degasser technology at its mill just to make sure all ends are taken care of,” says a source close to JSPL. While Indian Railways officials couldn’t be reached and a questionnaire to SAIL remained unanswered, industry officials reckon “there is enough room for two players to supply rails for Railways. Already the controversy has seen SAIL upgrading its facility in Bhilai and JSPL has offered to sell rails at 10 percent lower price which can save Railways up to Rs. 400 crore annually.”
(This story appears in the 02 April, 2010 issue of Forbes India. To visit our Archives, click here.)
If any organisation is trying to solve the shortfall, they must be allowed to participate. Once our infrastructure is strong our country will grow strong and it will give better results to Country only.
on Jun 23, 2010Good development! This is required to bring in better quality service and cost effective infrastructure. It shall also be a step closer in eradicating the goonda-raj in railways contracts.
on Apr 6, 2010Hope to see Indian Railways back on track soon !
on Mar 29, 2010