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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 ...
The remaining stretches of the 82-km Delhi-Ghaziabad-Meerut Namo Bharat corridor, connecting Sarai Kale Khan in Delhi with Modipuram in Meerut, are expected to be inaugurated on February 22 by Prime Minister Narendra Modi, an official said requesting anonymity. Alongside the Namo Bharat inauguration, the 23-km Meerut Metro with 13 stations will also be launched, the source said. The remaining sections, a 5-km stretch in Delhi between Sarai Kale Khan and New Ashok Nagar, and a 21-km stretch from Meerut South to Modipuram, are now complete and slated for inauguration in February 22. The 82-km Delhi-Ghaziabad-Meerut corridor includes several prominent stations such as Sarai Kale Khan, Anand Vihar, Ghaziabad, Guldhar, Muradnagar, Modinagar South, Modinagar North and Meerut South, among others, which together form the backbone of the regional rapid transit system connecting key residential, commercial and industrial clusters along the alignment. The NCRTC said that a 55-km stretch of th
On August 15, 1854, a five-coach train pulled by a British-made locomotive left Howrah at 8:30 am for Hooghly without any fanfare -- signalling an engineering triumph and the beginning of eastern India's first railway. However, this historic milestone achieved by the then-East Indian Railway (EIR), whose massive network would eventually reach Delhi by the 1860s, was preceded by a series of unfortunate events that delayed its arrival on the country's landscape and in people's consciousness. A new book on the birth and evolution of the EIR and the East India Railway Company that established it, based on multiple 19th-century-era accounts drawn from a range of archives, has endeavoured to offer an "unbiased narrative" of this railway and the men who built it, brick by brick and steel by steel. "Before the inaugural run, the EIR had already stirred public curiosity in Bengal with its first locomotive-only trial on June 29, 1854, from Howrah to Pandooah, followed by an experimental run o