Daily Archive: February 7, 2019

Pamban to become India’s first railway bridge to use stainless steel structurals

In its quest to modernize and upgrade the railway infrastructure, the Indian Railways has decided to deploy stainless steel for its visionary Pamban railway bridge project. Rail Vikas Nigam Limited (RV­­­­­­NL), Chennai, the extended engineering arm of Indian Railways, included SS 2205 duplex stainless steel grade as an integral component for the fabrication of 4 spans/girders of the new Pamban bridge. To kick start this project, RVNL has floated a tender for supply of 120 MT of stainless steel. With this, stainless steel has made its ground-breaking debut as a key material for the structural railway bridge framework. Commenting on the development Managing Director, Jindal Stainless, Mr Abhyuday Jindal said, “We welcome this progressive step by the Indian Railways and we’re keenly looking forward to partner with them for this start. We are a consistent supplier to Indian Railways in the wagon and coach segments with a market share of 70% and 60% respectively. As an Indian producer, with a veritable presence across the globe, Jindal Stainless is adept to supply an entire gamut of product range, from lean duplex to super duplex stainless steel. It’s encouraging to see Indian Railways opting for sustainable infrastructural solutions.”

The existing Pamban railway bridge, commissioned in 1914, connects the town of Rameswaram on Pamban Island to the Mandapam railway station on mainland Indian peninsula. The bridge is located in the second most corrosive region in the world, and hence in order to address the corrosion related problems and the associated high repair and maintenance costs, Indian Railways has decided to adopt duplex stainless steel for fabrication of 4 girders of the new Pamban Bridge.

Compared to carbon steel, duplex stainless steel is an optimum techno-commercial solution to avoid corrosion in this engineering marvel. SS 2205 duplex grade of stainless steel has an excellent combination of strength, toughness and corrosion resistance. Given the inherently high strength-to-weight ratio of duplex stainless steel, it provides the possibility of reducing the thickness of the components, thereby entailing a lighter structure. With lesser weight of the structure, the consumption of concrete will also see a significant reduction. Along with high resistance to pitting and crevice corrosion, even in the most corrosive environment, duplex stainless steel provides excellent impact and fire resistance.

On account of its extremely high corrosion resistance, duplex stainless steel can be used in unpainted condition, requiring minimal maintenance. This results in saving heavy recurring maintenance costs. Moreover, usage of duplex stainless steel will improve the structural life of the bridge by 3 to 4 times, as compared to the currently used carbon steel. Thus, overall, usage of duplex stainless steel provides the least life cycle cost as compared to any other alternative material.

From an environmental perspective, stainless steel, being a completely ‘green metal’, provides a sustainable and long-term solution.

5th edition of The Global Business Summit to highlight dimensions of Purpose Driven Business

New Delhi: The fifth Global Business Summit ( www.et-gbs.com) scheduled to take place in New Delhi on February 22-23, 2019 will see visionaries and business leaders from across the world including government representatives deliberate on issues related to sustainability, scalability and social change that have now become central to any growth agenda – global, regional or industry specific. Global and Indian speakers from across business, government, academia and media will discuss how economic growth can be achieved by adopting sustainable business practices at a time when the World Bank has issued a dire warning of ‘darkening skies’ for the world economy.

Hon’ble Prime Minister Shri Narendra Modi will be the star attraction for the fourth time at The Global Business Summit 2019 presented by The Economic Times and YES BANK, and powered by Facebook. This must-attend event is expected to be attended by over 2000 delegates from across the globe.

In his last four addresses at the Global Business Summit, Shri Narendra Modi presented inspiring ideas on how India Inc can dream big and become part of India’s journey to becoming a $20 trillion economy; and how India’s economic transformation will be incomplete without policies that have “speed, scale and sensitivity” to ensure growth’s benefits are spread widely. This year, his speech at the Global Business Summit will be keenly watched as it might be one of the final ones to an audience of this nature just before elections are announced and, he hits the campaign trail in the world’s largest democracy.

The summit has already received confirmations of High Ranking delegations from countries such as UK, Ireland, Maldives, Myanmar, Bangladesh, Poland, and New Zealand. Like previous years, delegates can register and leverage the platform to better understand the investment potential in India and have the opportunities to evaluate joint ventures and other commercial alliances through bilateral Business to Business (B2B), Government to Government (G2G) and Business to Government (B2G) meetings.

Through various sessions spread over the two days of the summit, representatives from government and industry alike will exchange ideas on sustainable business practices and discuss critical concerns pertaining to climate action and ecosystems, innovation and economic growth. A highlight of this year’s Global Business Summit will be a series of specially curated sessions on February 23rd, GBx, in which a bevy of renowned global disrupters will share their mantra on how to win by changing the rules of the game.

“In the fifth edition of The Global Business Summit, it’s our endeavour to place the spotlight on the political and economic issues looming heavily over the Indian and global economy. At a time when we are witnessing increasing geo-political risk, protectionism and regionalism, there is a need to take a step back and evaluate where we are headed. Top leaders from various stakeholder groups will gather at The Global Business Summit to debate pressing issues and discuss ways to bring about positive change,” said Vineet Jain, managing director, Times Group.

Over the years, the summit witnessed the presence of the Hon’ble PM of India, Shri Narendra Modi and has seen a confluence of over 6,000 delegates from across Canada, Egypt, Ireland, UK, USA, Russia, Belgium, Great Britain, Greece, Catalonia, Israel and more.

At last year’s summit, global leaders like Netflix’s Reed Hastings, Uber’s Dara Khushrowshahi, Apple’s Steve Wozniak, McKinsey’s Dominic Barton, Arcelor Mittal’s Lakshmi Mittal, Nasper’s Bob Van Dyk and Donald Trump Jr. debated at length the significance of New Economy and its impact on economic development.