'Centre likely to bring in reverse auction system for supplying rails to Indian Railways'

'Centre likely to bring in reverse auction system for supplying rails to Indian Railways'
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Last Updated: May 02, 2021, 12:58 PM IST
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Synopsis
"Recently, we (were) apprised that Railways is going to launch a reverse auction process for supply of rails. We are waiting for the government to launch the scheme," JSPL Managing Director V R Sharma said, while replying to a question related to JSPL's rail business.
PTI
The government is likely to launch a 'reverse auction process' to supply rails for railway projects, JSPL Managing Director V R Sharma said.
After the launch of the process, a company that offers lower price can bag order of supplying rails to the Indian Railways, the industry executive said.

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