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.
Tag: Indian Railways
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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.
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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.
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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 IndiaĂ´s rail history by hauling the nationĂ´s first passenger train.
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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.
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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.
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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.
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Opening the funds tap
A stronger thrust on PPP projects, greater FDI and steady government support can help Indian Railways, one of the worldĂ´s largest rail networks, emerge from the rut.
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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 governmentĂ´s role in improving the sector.
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Investment in Railways to increase
Girish Pillai, Advisor-Infrastructure, Indian Railways, has highlighted key features of the Indian RailwaysĂ´ 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.