For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Tata Steel bags contract to serve Network Rail for five more yrs

By Religare
|
Tata Steel bags contract to serve Network Rail
Tata Steel announced that it has won a contract to supply rail track to Britain's railway infrastructure operator Network Rail for at least five more years, reported AFP.
 

In a statement, the Company said that the Network Rail plans to source over 95 per cent of its rail from Tata Steel until 2019, with the option to extend the deal until 2024.

"This is fantastic news. I am delighted the rail network in Britain will continue to be made and maintained with our UK rail," said Tata Steel chief commercial officer Henrik Adam in a statement.

The statement gave no indication of the value of the deal. Tata Steel is the current supplier of rail to Network Rail, which runs and maintains Britain's extensive rail infrastructure, and loss of the contract could have put its Scunthorpe plant in Britain in peril, said the media reports.

Dion Global Solutions Ltd.

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more