|TATA steel became the first company to sign a long-term contract with Indian Railways by RailEnquiry Admin on 17 July, 2017 - 10:42 AM|
|RailEnquiry Admin||TATA steel became the first company to sign a long-term contract with Indian Railways on 17 July, 2017 - 10:42 AM|
In a first of its kind pact, Tata steel has signed a long term tariff contract with Indian Railways. Tata has become the first company in steel sector to sign such a long term pact.
In a statement TATA said, "Tata Steel became the first steel company to enter into a long-term tariff contract (LTTC) with Indian railways here today."
To guarantee incremental revenue for Indian Railways LTTC has been introduced by Indian Railways which will allow long-term contracts with customers.
LTTC main objectives –