HUBLI: South Western Railway and M/s.JSW Steel Ltd., Toranagallu signed Long Term Tariff Contract Agreement on 21.08.2017 for a period of 3 years by which Railways will retain the existing traffic of M/s.JSW Steel Ltd, Toranagallu besides encouraging them to load incremental traffic on cumulative basis during the contract period and also strive to divert the traffic from road to rail thereby increase the rail coefficient.
K.Shivaprasad, Chief Commercial Manager of South Western Railway and Susheel Nowal, Vice President of JSW Steel Ltd signed the MOU in presence of A.K.Gupta, General Manager and B.B.Singh, Additional General Manager, G.J.Prasad, Chief Operations Manager and A.K. Singh, Principal Finance Advisor & Chief Accounts Officer of South Western Railway.
M/s JSW Steel Ltd, Toranagallu will be eligible for rebate accrued in a year under this scheme as refund within 45 days after completion of each year for the traffic offered from all the three (03) plants viz., M/s. JSW Steel Ltd/Toranagallu, (JSWT/SWR), M/s. JSW Steel Ltd., Dolvi (JSWD/CR) and M/s. JSW steel Ltd, Salem (MCSI/SR).
The Inward commodities loaded will be Lime Stone, Dolomite, Steel Angle, Bentonite, Quartz and Clinker; outward commodities will be Steel, Slag and Cement.