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Indian Railway
The railway ministry on Saturday postponed the formal launch of tunnel-boring work for the bullet train project in Mumbai due to inclement weather, and told authorities to commence the work immediately. Ministry officials said it has been raining in Mumbai for the past few days, and the India Meteorological Department (IMD) has issued 'red' and 'orange' alerts for the next couple of days. "Considering the adverse weather conditions, we have decided to postpone the formal launch by the Hon'ble Railway Minister of the underground tunnel boring work using tunnel boring machines for the first time on the bullet train project," a senior official said. "However, we have asked the National High Speed Rail Corporation Limited (NHSRCL) to start the work immediately without the official launch so that the project is not delayed," the official added. Railway Minister Ashwini Vaishnaw was scheduled to inaugurate the underground tunnel-boring work from Vikhroli to the Bandra Kurla Complex stati
State-owned Indian Railway Finance Corporation is planning to mobilise USD 2 billion through external commercial borrowing, primarily in Japanese yen, to fund business growth in the current financial year. The external commercial borrowing (ECB) is part of the Rs 70,000 crore resource mobilisation plan approved by the board of Indian Railway Finance Corporation (IRFC) for the ongoing financial year. "We have just signed a loan agreement with the consortium of banks for raising an External Commercial Borrowing loan of JPY equivalent USD 1.1 billion. Given the pipeline of projects, we expect disbursements within the June quarter itself," IRFC Chairman and Managing Director Manoj Kumar Dubey told PTI. The ECB, being raised for JPY equivalent USD 1.1 billion, has been tied up for a 5-year tenor and benchmarked to Overnight TONAR (Tokyo Overnight Average Rate). The proceeds from this facility will be utilised towards financing projects with forward or backward linkage with the railway .
Three coaches of the Ujjaini Express derailed near the Khand Gaon area here on Monday night when the train was being moved to the railway yard, officials said. There were no passengers on board when the incident occurred around 9:40 pm on Monday close to the Yog Nagri railway station. According to officials, the accident occurred when the train was passing through the yard area. The train runs between Lakshmibai Nagar in Indore and Yog Nagari Rishikesh Railway sources said the locomotive collided with the buffer (dead end) located at the terminus of the shunting line, resulting in increased pressure on the coaches. Consequently, one coach was thrown off the tracks, while another buckled in the middle. Three coaches of the train sustained damage in the incident, they said.
Indian Railways has recorded a year of strong and well-rounded progress in FY 2025-26, achieving significant milestones across freight operations, passenger services, infrastructure development, safety systems, digital initiatives with advancing self-reliance in technology and manufacturing. These accomplishments underscore its critical role in supporting economic activity, enhancing connectivity, and ensuring efficient mobility across the country.Union Minister for Railways, Information & Broadcasting and Electronics & Information Technology, Ashwini Vaishnaw, took to X to underscore the transformative progress of Indian Railways in FY 2025-26. He highlighted record freight and passenger performance, the introduction and expansion of Vande Bharat services, including the new Vande Bharat Sleeper trains, historic improvements in safety through reduced accidents and enhanced systems, and strengthened station and terminal infrastructure, all of which have enriched ...