Dedicated Freight Corridor projects to consume 17 MT of steel in the next 5 years: DFCCIL

February 24, 2020: The senior officials of the Railway Board and the Dedicated Freight Corridor Corporation of India (DFCCIL) noted that the on-going projects of eastern and western freight corridors to consume 17 metric tonnes of steel in next five years.

They were talking in an event Indian Steel: Fostering Steel Usage in Railways & Defence Sectors” organised by the Ministry of Steel in association with Confederation of Indian Industry. The objective of the meeting was to have a discussion with the Railways and Defence sector to identify gaps and opportunities available in the supply of Steel and Steel Products.

“In the previous year, Indian Railways consumed 7 MT of steel and witnessed a 17% increase as compared to the previous year. Indian Railways plans of decongestion through multi-tracking, high-speed projects and concentrated focus on 58 supercritical projects are expected to increase the demand at a higher pace. In addition, Dedicated Freight Corridor projects are expected to consume 17 MT of steel in the next 5 years,” said the PIB release.

The workshop also witnessed the signing of an MoU between Indian Railways and SAIL for domestic fulfilment of forged axels and wheels.