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.
Jindal Steel and Power Ltd (JSPL) and state-owned SAIL are the only companies in India producing various grades of rails at their facilities at Raigarh and Bhilai, both located in Chhattisgarh.