Prime Minister's Office keen on the project, discussed during the latest sectoral review, officials said
Indian Railway Finance Corporation Ltd (IRFC) on Monday reported a 2 per cent increase in net profit to Rs 1,631 crore for the third quarter ended December 2024. The NBFC, under the administrative control of the Ministry of Railways, had earned a net profit of Rs 1,599 crore in the year-ago period. The total income of the company rose to Rs 6,766 crore in the October-December period from Rs 6,740 crore in the year-ago period, IRFC said in a regulatory filing. The total expenses of the Mini-Ratna company during the period under review fell marginally to Rs 5,136 crore from Rs 5,141 crore in the corresponding period a year ago. The networth of the company rose to Rs 52,046 crore at the end of December 2024 compared to Rs 47,443 crore at the end of third quarter of previous fiscal. The company raised Rs 6,600 crore via bonds during the quarter to fund business expansion.
Madhya Pradesh government plans to increase the production capacity of renewable energy to 20,000 MW by the year 2030
The Ministry of Railways has made significant strides in improving the travel experience for government employees by expanding the number of trains available under Leave Travel Concession (LTC).According to a press release, government employees can travel on 385 premium trains, including 136 Vande Bharat, 97 Humsafar, and 8 Tejas Express trains, alongside 144 existing high-end trains like Rajdhani, Shatabdi, and Duronto.The press release stated that government employees were already availing luxurious AC travel in 144 existing high-end trains in the category of Rajdhani, Shatabdi & Duronto series. With this decision, there will be a total 385 trains across all the regions of the country where they are operating in which tickets can be booked for LTC travel by the government employees.This expansion, announced by the Department of Personnel & Training, is aimed at providing all central government employees access to world-class travel options. Under the new guidelines, ...
Rail operators' revenue is expected to grow into double-digit, while warehousing sector is projected to log a 3-5 per cent year-on-year growth in organic rentals this fiscal even as the demand for Grade-A space may remain intact, ratings agency India Ratings said on Friday. For sea transport, the ratings agency said, it is expecting port volumes will be supported by the coastal movement of goods and global container freight, with the easing of geopolitical tensions, including the Red Sea crisis and the normalisation of US-bound traffic. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for container freight stations is expected to remain range-bound due to the increase in the proportion of direct port delivery and high competition intensity at large ports, according to Ind-Ra (India Ratings). Ind-Ra has also assigned an improving outlook for the logistics industry for FY26 and said that macro-tailwinds arising from the government's multipolar investments acros
Delays on mail, express, and superfast trains reduced by 6%
The capital expenditure (capex) allocation for the railway sector is expected to rise by 20 per cent in Budget 2025-26, according to reports
The Railway Board has given recognition to two federations of rail employees, the All India Railwaymen's Federation (AIRF) and the National Federation of Indian Railwaymen (NFIR), for five years after their victory in the recently held secret ballot elections. While recognizing the two federations, the board said that they have to follow the provisions of Indian Railway Establishment Manual and they will not maintain any political fund. Board has decided to accord recognition to the two Federations namely All India Railwaymen's Federation and National Federation of Indian Railwaymen at Railway Board level for a period of five years, a board's letter dated January 13 said, specifying certain conditions for them to abide by. On November 17, 2024, the Railway Board had constituted a Secret Ballot Election Committee-III (SBEC-III) which proposed certain norms for contesting federations to get recognition. Based on those norms, secret ballot elections were held for three days from Decem
Experts raise concerns over logistics, safety risks
A coach of a MEMU (Mainline Electric Multiple Unit) train bound for Puducherry derailed near Villupuram on Tuesday, an official said and a major accident was averted as the loco pilot noticed it and quickly halted the train. No one was injured and the traffic was restored in about 3 hours, the official said adding the cause of derailment would be known only following completion of an inquiry, which has been ordered. When the Villupuram-Puducherry train with approximately 500 passengers, soon after its departure from Villupuram at 5.25 am, was crossing a curve, a coach derailed and the loco pilot swiftly stopped the train. The derailment led to disruption of train services in the Villupuram route till 8.30 am. The Villupuram-Puducherry MEMU is a short distance train covering about 38 km.
Western Railway has launched special trains for the Maha Kumbh 2025. 98 special trains have been introduced with a focus on passenger convenience, hygiene and the proper functioning
Railway infrastructure improvements worth Rs 5,000 crore have been made for Maha Kumbh Mela. Indian Railways will operate 1,869 short-distance trains, 706 long-distance trains, and 559 ring trains
An under-construction building at the Kannauj railway station collapsed on Saturday afternoon, trapping around two dozen workers under the rubble, a senior official said. Six workers have been rescued and rushed to hospital. Initial visuals from the site showed scenes of chaos and confusion with crowds, clouds of dust and broken beams as people tried to rescue those who had been trapped. "According to preliminary information, the incident occurred when the under-construction shuttering of the roof collapsed," said District Magistrate (DM) Shubhrant Kumar Shukl said. "Our first priority is to rescue the workers who are trapped. We are using all resources at our disposal for the rescue efforts," Shukl, who had rushed to the spot along with other senior officials to oversee the rescue operation, added. A shaken Mahesh Kumar, among those at the site, recalled his narrow escape. "As soon as the concrete was poured over the shuttering, it suddenly collapsed. Everyone on it fell. I was
Outstanding project to build a new railway route is a testament to engineering excellence and determination, overcoming significant geographical and climatic challenges, Vaishnaw added
Indian Railways, which is mainly dependent on China for its forged wheel requirements, has collaborated with an Indian firm to reduce imports, officials said. According to Railways, it has been importing various types of forged wheels required for locomotives and coaching stock (LHB) since the 1960s from the UK, Czech Republic, Brazil, Romania, Japan, China, Ukraine and Russia. "During the year 2024-25, wheels worth approx Rs 900 Crore were imported from China and Russia/Ukraine and another 40,000 wheels were sourced from Steel Authority of India Limited (SAIL). Currently, due to the Russia-Ukraine Crisis, the majority of the import requirement of wheels is being met from China," a release from the Railway Ministry said. The "requirement of wheels is projected to increase up to 2 lakh by 2026 onwards due to the induction of more and higher speed trains," it added. According to the ministry, the existing domestic production capacity for 2024-25 is only 75,000 wheels. Hence, it has .
The northward movement in IRCTC share price came after foreign brokerage firm Macquarie initiated coverage with 'Outperform' rating, with a target price of Rs 900
Railway Minister Ashwini Vaishnaw on Thursday said that the hydrogen fuel-run train engine developed by Indian Railways has the maximum horsepower in the world. Vaishnaw, who is also the Union Minister in charge of Information and Broadcasting and Electronics & Information Technology, said this while speaking at a plenary session titled Green Connections: Diaspora's Contribution to Sustainable Development of the Pravasi Bharatiya Divas convention here. Stating that only four countries in the world make such train engines, Vaishnaw said, They produce somewhere between 500 to 600 horsepower while the engine produced by Indian Railways using indigenous technology has an output of 1,200 horsepower, the highest so far in this category." The minister said the first such train is expected to make a trial run in Haryana soon on the Jind-Sonipat route. While the engine manufacturing has been completed, system integration of the same is currently underway, he said. Noting that India's own .
The project of connecting Kashmir by rail has been in the making for over two decades
How fast is the Rajdhani Express running in 2025? Discover the shocking truth about India’s iconic high-speed train and its sluggish progress over five decades.
The Prime Minister will lay the foundation stone for the Rayagada Railway Division Building of East Coast Railway, which will improve connectivity in Odisha, Andhra Pradesh and nearby areas