Govt likely to bring in reverse auction system for supplying rails to Indian Railways: JSPL MD
03NEW DELHI, May 2: 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.
“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,” he told PTI while replying to a question related to JSPL’s rail business.