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By EquityPandit

SAIL signs long term tariff contract with Railways

August 29, 2017

SAIL, the largest steel maker of the Country, has signed a long term tariff contract with railways that includes 15 zones for loading and unloading terminals.

SAIL has said in a statement that “Steel Authority of India Ltd and Indian Railways have entered into a strategic agreement on Long Term Tariff Contract (LTTC) on August 29, 2017.”

The statement further said that LTTC has been introduced by Indian Railways to establish long term contracts with customers with guaranteed incremental revenue for Indian Railways and said that the contract can be for a duration of three to five years.

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