Hindustan Construction Company (HCC) in joint venture (JV) with Samsung C&T has been awarded a contract worth Rs 866 crore by the Delhi Metro Rail Corporation (DMRC) for design and construction of 4.4 km long tunnel on
Category: Railways & Metro Rail
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Rail freight hike may impact cement margins : India Ratings
The proposed 5.79% increase in rail freight as per the Railway Budget 2013-2014 may negatively impact the margins of the cement industry. In the event cement manufacturers are unable to pass on the rail freight cost hike, their operating margins may reduce by 75bps-100bps.
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Railways to mop up Rs 2,000 cr via land leasing
By leasing out its land to build hotels, malls, warehouses and even residential complexes Indian Railways hopes to mop up about Rs 2,000 crore. Railway Minister Pawan Kumar Bansal announced that a target of Rs 1,000 crore each is proposed to be fixed for Rail Land Development Authority and IR Station Development Corporation in 2013-14.
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Railways fixes Rs 1,000 cr each for land, station wings
Union Railway Minister PK Bansal on February 26 proposed to fix a target of Rs 1,000 crore of earnings each for the Rail Land Development Authority (RLDA) and the Indian Railways Station Development Corporation (IRSDC) in 2013-14. The RLDA was set up by the Ministry in November 2006
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CII for speedy implementation of key railway projects
Confederation of Indian Industry (CII) has said that Government should take steps for speedy implementation of key railway projects such as the dedicated freight corridor, high-speed rail corridors and other capacity enhancement works to reduce supply chain costs.
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BHEL agrees to set up MEMU manufacturing unit
Bharat Heavy Electricals (BHEL) signed a Memorandum of Understanding (MoU) with the Indian Railways to set up a Greenfield MEMU coaches manufacturing facility at Bhilwara in Rajasthan. Indian Railways introduced Main Line Electric Multiple Unit Trains, popularly known as MEMU trains, in the Year 1994-95, as a mode of rapid transit system, to cate
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Kochi metro project may be ready in 3 yrs if issues are addressed
India's metroman E Sreedharan says he expects work on the Kochi Metro rail project to be completed in three years if various issues like strikes, shortage of sand and labour problem are avoided. Sreedharan, who is the principal advisor to Delhi Metro Rail Corporation, said this while delivering the keynote address at a function at Kannur University. He said there would not be any problem if there was "social commitment", which is of utmost importance. "Proj
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Southern Railways suggests industrialists to set up freight terminal
Southern Railways suggested industrialists in Coimbatore, Tamil Nadu to come together and set up a private freight terminal to move the goods manufactured or produced in this region to upcountry markets. Sujatha Jayaraj, the Divisional Railway Manager of Southern Railways – Salem Division said this during an interactive session with industrialists in Coimbatore
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Southern Railways suggests industrialists to set up freight terminal
Southern Railways suggested industrialists in Coimbatore, Tamil Nadu to come together and set up a private freight terminal to move the goods manufactured or produced in this region to upcountry markets. Sujatha Jayaraj, the Divisional Railway Manager of Southern Railways – Salem Division said this during an interactive session with industrialists in Coimbatore
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Railways to woo pvt firms to set up terminals at ports
Railways has drawn up a new policy draft to attract private players for setting up rail terminals at ports and sought suggestions from prospective investors before finalising the draft. The policy entails the framework of guidelines for development of rail terminals and associated logistics facilities for cargo handling and other value added services at privately developed ports.