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The National Capital Region Transport Corporation (NCRTC) on 28th July 2020 opened the financial bids of the contract called for the supply of 22,000 MT of Head Hardened Rails for the under-construction Delhi-Meerut RRTS corridor. As per the financial bid result, Spanish firm ArcelorMittal España S.A. has emerged as the lowest bidder (L1) among the other four contenders.
As per the data revealed by the NCRTC, the financial position of each bidder is as under:
However, Indian steel manufacturing company Jindal Steel & Power Limited (JSPL) had also participated in this contract but not found technically compliant according to the conditions laid down in the tender notice (No. DM/TW/COR-OF/087), so their financial bid was not opened.
Tender notice for manufacture, supply, transportation, and delivery of 22,000 MT of 60E-1, 1080 Grade Head Hardened Rails Class-A, undrilled Rails conforming to IRS T-12-2009 for Delhi-Meerut Regional Rapid Transit System (RRTS) Corridor of NCRTC was invited in December 2019. Technical bids were opened on 24th February 2020.
Now NCRTC will have to issue the Letter of Acceptance (LoA) to ArcelorMittal España S.A. after evaluating the technical and financial bids. The firm has to complete the delivery of 22,000 MT Head Hardened Rails in 24 months from the date of issuance of LOA.
Headquartered at Asturias in Spain, ArcelorMittal is the world’s leading steel and mining company. The company is led by renowned Indian industrialist Lakshmi N Mittal. It has steel manufacturing units in a total of 18 countries and has a customer base in 160 countries. To supply the rails to India, the company is likely to manufacture the required material in its Gijón Rail Mill in Asturias, Spain.
For more details, please explore our Delhi-Meerut RRTS section.
The post ArcelorMittal bags HH Rail Supply Contract of Delhi-Meerut RRTS project appeared first on Urban Transport News.
This article first appeared on www.urbantransportnews.com
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