Construction & engineering major Richa Industries has secured an order from IRCON International Limited, a government-owned company incorporated by the Ministry of Railways, for the construction of five pre-engineered buildings (PEB) at Rourkela, Odisha, for the Indian Railways.
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Tag: Indian Railways
Railways will not be privatised under NDA Government: Manoj Sinha
Union Minister of State for Railways S Manoj Sinha said the public enterprise will not be privatised under the NDA rule, though investments from private players will be welcomed for its development.
Cost over-run of 1.07 lakh cr in railway projects: CAG
The Comptroller and Auditor General of India (CAG) has pointed out cost over-run of more than Rs.1.07 lakh crore in 442 ongoing projects of Indian Railways.
High-speed trains: Need of the hour
Their names were Sahib, Sindh and Sultan - three steam locomotives that in 1853 would earn their place in India´s rail history by hauling the nation´s first passenger train.
IR eyes Rs.1.1-lakh cr for infra upgrade
Indian Railways is working on a proposal to create a mega fund with a corpus of Rs.1,10,239 crore, to upgrade its creaking infrastructure.
All contracts to be on e-tendering platform soon: Prabhu
Railway Minister Suresh Prabhu said by early next year all tendering for Indian Railways will be done online.
Back on the rails?
Indian Railways has been a victim of years of chronic underinvestment. Though ushering in the PPP mode and 100 per cent FDI for the sector are being perceived as a panacea, there are miles to cover before things get rolling.
Opening the funds tap
A stronger thrust on PPP projects, greater FDI and steady government support can help Indian Railways, one of the world´s largest rail networks, emerge from the rut.
Need to focus on projects which are remunerative
Sunil Srivastava, Managing Director, Balaji Railroad Systems Ltd, comments on the dismal state of the Indian Railways, delayed projects, and the government´s role in improving the sector.
Investment in Railways to increase
Girish Pillai, Advisor-Infrastructure, Indian Railways, has highlighted key features of the Indian Railways´ five-year action plan. Pillai said the National Transport Development Policy Committee has estimated investment till 2032 to be worth Rs 32,00,000 crore.