Indian Railways´ target of increasing freight tonnage by an incremental 85 million tonnes (mt) in 2015-16, against the traditional annual average of 50 mt, might appear ambitious, but the national transporter believes achieving such growth will not be a big task.
Tag: Indian Railways
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Need for speedy reforms
A holistic development model is required to push the sluggish growth in the ports sector. Looking at the bigger picture, from coal for power & steel plants to crude oil for refineries, ports provide a gateway for the majority of Indian trade.
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Japanese majors eye electric loco supply deal
Japanese majors, such as Toshiba, Kawasaki Heavy Industries, Mitsubishi Corporation, Mitsubishi Electric and Mitsui are keen on participating in the supply of 200 electric locomotives to Indian Railways for use on the Western Dedicated Freight Corridor and its feeder lines.
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Railways to complete 34 NE projects
The Centre aims to complete 34 various ongoing projects of Indian Railways in the Northeast (NE) over the next 5-6 years that will entail an additional investment of around Rs 35,000 crore.
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New SPV to develop last-mile port connectivity
The Shipping Ministry is looking at setting up a special purpose vehicle (SPV) for all major ports to provide last-mile rail connectivity.
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Goods earning up by 14.72% in July
Indian Railways reported an increase of 14.72 per cent in its revenue from transporting freight during July, which stood at Rs 7,909.35 crore from Rs 6,894.61 crore earned during the corresponding period of last fiscal.
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New Board of Trustees at CHPT
The Union government has reconstituted the Board of Trustees of Chennai Port (ChPT) for a period of two years from April 2014 to March 2016. Chairman Atulya Misra has been retained as ex-officio chairman of the trust. The reconstituted board has 20 members. There are seven ex-officio members on the board representing the Ministry of Shipping, Customs, State government, the Defence Services, Indian Railways, Coast Guard and Mercantile Marine Department.
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IR earnings at Rs 1,26,028 crore
The total approximate earnings of Indian Railways (IR) on originating basis during 1 April 2013 to 28 February 2014 were Rs 1,26,028 crore compared to Rs 1,12,017 crore during the same period last year.
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Increased load brings relief
Indian Railways (IR) expected to exceed the Budget loading target for this financial year, a first in five years, Railway Minister Mallikarjun Kharge said while presenting the interim Railway Budget 2014-15. He said this financial year, loading would be at 1,052 million tonne (mt), against the Budget target of 1,047 mt. The target for 2014-15 has been set at 1,101 mt, the highest in recent times. In 2012-13, loading was at 1,008 million tonnes (mt), against the Budget estimate of 1,025 mt.
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Railways to improve aesthetics at stations
As part of its green initiative, the Indian Railways will promote use of renewable and clean energy in 26 buildings, 200 railway stations and 2,000 level crossing gates across the country in the next fiscal. The move also includes making arrangements of ´watch and ward´ staff to check open defecation and littering near stations. Highlighting the initiatives in the rail budget for 2014-15, Railway Minister Mallikarjun Kharge also proposed to create ´Green Curtains´ through landscaping and plantat