Tata Steel has received a letter of intent (LoI) from Eiffage Rail for the supply of high-quality rail for a new 182 km (113 mile) high-speed line in France.

50 m euro order

The order value is likely to be around 50 million euro (about Rs.315.15 crore). Tata will supply about 50,000 tonnes of rail for the new Brittany-Loire Valley line, which will connect the cities of Le Mans and Rennes.

The steel will be manufactured in Scunthorpe, U.K., before being rolled into rail at Tata Steel’s mill in Hayange, northeast France, for delivery from 2015. Jean-Luc Trottin, Eiffage Rail Managing Director, said: “One of the key reasons for awarding this letter of intent to Tata Steel is its commitment to deliver the rail when we need it, directly to the job site of Sablnd Laval.”

Gerard Glas, Head of Tata Steel’s Rail Sector, said: “This is our second high-speed rail project secured in the last year and is a recognition of our world-class product and service. We will be supplying rails each measuring 108 metres long for this new high-speed line, giving passengers a smoother ride and reducing maintenance costs.’’

More In: Companies | Business