JSPL may produce rail wheelsets; to set up manufacturing unit in Raigarh

Private player JSPL on Friday announced its plans to manufacture rail wheelsets at its plant at Raigarh, in Chhattisgarh, a move which will build its portfolio of railway products.

“JSPL has taken a big leap in rail infrastructure manufacturing. The company will install India’s first private rail wheelset manufacturing plant at Raigarh facility. JSPL has collaborated with GIFLO Steel – Hungary for this ambitious project,” a company statement said.

In this regard, an agreement for technology collaboration was signed between the two companies at ‘India Hungary Business Forum’ organized by the Embassy of Hungary along with FICCI in the national capital on Friday.