New Delhi (Economy India): Maharatna public sector steel major Steel Authority of India Limited (SAIL) has signed a Memorandum of Understanding (MoU) with Navratna PSU RITES Limited to strengthen logistics and operational efficiency across its plants and mines through diesel locomotive leasing and maintenance.
SAIL operates a dedicated mini rail network within its plant and mining premises to ensure seamless inward movement of raw materials, in-process transfers, and outbound transportation of finished products. Efficient maintenance of its diesel locomotive fleet, including wet-leased locomotives, is critical to sustaining operations and supporting future capacity expansion plans.
With Indian Railways accelerating its transition towards electric locomotives, RITES continues to offer specialised expertise in diesel locomotive operations and maintenance, making it a key partner for sustaining SAIL’s diesel fleet. Leveraging access to Indian Railways’ infrastructure, spare parts, and skilled manpower, RITES will support SAIL in ensuring reliable and efficient rail operations across its internal network.
The collaboration is expected to enable both organisations to focus on their core competencies, optimise costs, enhance operational efficiency, and contribute to a reduced carbon footprint through better asset utilisation.
The MoU was signed by Shri P.K. Baisakhia, Executive Director (Operations), SAIL, and Shri Sandeep Jain, Executive Director (Technical Services), RITES, in the presence of senior officials from both organisations.
(Economy India)
