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INDIA BUSINESS WORLD - DECEMBER 16th - DECEMBER 31st - 2007


SAIL, RVNL SIGN PACT FOR TRANSPORTING IMPORTED COAL

Steel Authority of India has signed an agreement with Rail Vikas Nigam (RVNL) for transporting imported coking coal using the Paradip-Haridaspur railway line. RVNL would transport an assured volume of 5 lakh tonnes of coking coal per annum, a SAIL release said. SAIL also handed over a cheque for Rs 2.5 crore as its equity contribution in Haridaspur-Paradip Railway Company, which has been formed by RVNL as a special purpose vehicle for development of an 82-km railway line in Orissa to connect Paradip port with the hinterland.

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