Page 31 - Indian Railways

High valuations may cap further rally in IRCTC stock despite good revenue

At trailing PE of 65x it seems to fully discount future growth and visibility of good revenue streams

Rail Kaushal Vikas Yojana trainees not preferred for railway jobs: Vaishnaw

Over 26,000 candidates, who have been skilled till November 2023 under the Rail Kaushal Vikas Yojana, will not have any preference in jobs in the Indian Railways, Railway Minister Ashwini Vaishnaw informed the Rajya Sabha on Friday. Vaishnaw said that this scheme was launched in September 2021, adding 26,791 candidates have completed their training till November 2023. Responding to a question by Bharatiya Janata Party (BJP) MP Narayana Koragappa whether any preference of above trained youth is given for employment in the railways, he said, No, Sir. This programme is intended to enhance the skill of a person so that he / she can get a job or can start his / her own start-up / entrepreneurship. Vaishnaw said that the Indian Railways launched the Rail Kaushal Vikas Yojana to empower candidates in the age group of 18 to 35 years by providing them entry level skill training in various industry relevant technical trades at various training locations. Successful candidates are awarded ...

Vande Bharat train count reaches 34 in India, check the full list below

The total number of India's first semi-high-speed trains has reached 34. The Vande Bharat service comes with many unique features which are not available on other trains

Railways give thumbs up to Rs 1 trn plan to do away with waiting lists

The Indian Railways plans to procure 7,000-8,000 new train sets over the next 15 years to make train travel more efficient and eliminate waiting lists

Rail would need over 30 bn units of power after full electrification: Govt

The railways would require around 30.13 billion units of electricity after 100 per cent electrification of its broad gauge lines, Railway Minister Ashwini Vaishnaw has informed the Lok Sabha. In a written reply on December 13 to a query by BJP MP Rajesh Chudasama who wanted to know the electrification status, he said the railways is progressively procuring renewable energy from different sources for its present and future requirements. Chudasama also sought to know the expected consumption after 100 per cent electrification and "the manner in which Railways is likely to ensure that the increased electricity demand is met through renewable sources". In his reply, Vaishnaw said, "Based on the present electricity consumption for traction purposes of Indian Railways, the expected increase in electricity consumption after 100 per cent electrification is estimated to be about 30.13 billion units. The actual demand will depend on the future passenger and goods traffic over Indian ...

Railways filled up over 294,000 vacancies in last five years: Vaishnaw

More than 90% of the candidates recruited are in safety and operational categories, he added

Railways granted 430 sanctions to prosecute officials since 2014: Vaishnaw

The Indian Railways has granted 430 sanctions to prosecute its officials since 2014, Railway Minister Ashwini Vaishnaw informed the Lok Sabha in a written reply on Wednesday. "Since 2014, 430 sanctions have been granted by the Railways to prosecute officials. Presently, two cases of sanctions are under consideration," Vaishnaw said. "In these cases, sanction for prosecution was sought by the Anti-Corruption Bureau (ACB), Rajasthan. As per the advice of the Central Vigilance Commission (CVC), these cases have been referred to the Central Bureau of Investigation (CBI) for seeking their recommendation," he added. Vaishnaw was responding to queries by DMK MP AKP Chinraj who wanted to know if any sanctions to prosecute officials received from various investigating agencies have been pending with the Railways for more than three months, as per reports. Chinraj also asked the minister to give reasons for keeping the sanctions pending and also share the data of the total number of sanction

Over 12,000 train coaches have digital display boards, says Vaishnaw

More than 12,000 newly-manufactured train coaches have digital display boards containing information such as forthcoming station, destination and running status, among others, Railway Minister Ashwini Vaishnaw has said. "Digital display boards containing information like forthcoming station, destination, train running status and other safety information/announcement are provided in coaches of trains like Vande Bharat, Push-Pull, TEJAS, Humsafar etc & Electric Multiple Unit (EMU) and Mainline Electric Multiple Unit (MEMU) trains," Vaishnaw informed the Rajya Sabha in a written reply on December 8. He added, "AC economy coaches and VISTADOME coaches are also provided with a digital display board. At present, more than 12,000 coaches over Indian Railways are equipped with digital display boards." Vaishnaw's response came after BJP MP Sumer Singh Solanki wanted to know if the government envisaged to instal digital display boards in railway coaches and the trains in which these would ..

Subros up 18%, hits new high on order wins of Rs 25 cr from Indian Railways

Average trading volumes jumped over four-fold with a combined around 1.9 million equity shares - representing 2.9 per cent of total equity of Subros - changing hands on the NSE and BSE

Derailed wagons of goods train removed from accident spot near Mumbai

A day after seven wagons of a goods train derailed between Kasara and TGR-3 station near Mumbai on the Central Railway network, the derailed wagons were removed from the accident site, officials said on Monday. Restoration work on the route was underway, Central Railway's chief public relations officer Dr Shivraj Manaspure said. The seven loaded wagons of the goods train derailed between Kasara, nearly 125 km from Mumbai, and TGR-3 station at around 6.30 pm on Sunday, leaving mail express traffic on the Kasara-Igatpuri section on the Down line and middle line affected. "All the derailed wagons have been removed from the accident spot. The movement of remaining wagons back to Kasara yard is going on," Manaspure said. The Down (Igatpuri-bound) main line overhead equipment restoration work was near completion, he said. Some Down mail express trains, which were earlier diverted, are now restored on their proper scheduled path. "They will run on their regular scheduled path, without a

Namo Bharat RRTS train trial conducted from Delhi's Duhai to Modi Nagar

After commencement of the 17 km priority section of the Regional Rapid Transit System that covers Delhi, Ghaziabad, and Meerut, a trial run of the Namo Bharat train was conducted from Duhai to Modi Nagar South on Sunday. The train departed from Duhai station, reached Murad Nagar station, and then continued to cover the distance of about 12 km to Modi Nagar South. "At present, the Namo Bharat trains are undergoing a trial run to test the track and traction. Initially, the train is being operated manually under the Train Control Management System. The train covered the distance from Muradnagar station to Modi Nagar South at a minimal speed. Later, it was brought back to Duhai while slightly increasing its speed," a statement from the National Capital Region Transport Corporation said. The 25 km-stretch between Duhai and Meerut South RRTS station is the next section of the corridor that will be opened for the public after the priority section. The section has a total of four stations

Anti-collision system Kavach deployed on 1,465 route km, 139 locomotives

The sections include Lingamapalli - Vikarabad - Wadi and Vikarabad - Bidar section (265 Rkm), Manmad-Mudkhed-Dhone-Guntkal section (959Rkm) and Bidar-Parbhani section (241Rkm)

Over 290,000 vacancies filled up in Railways in last 5 years till Sept 30

The requirement of manpower in different categories also differs based on changes in priorities and technology upgrades

Western Railway collects Rs 115.71 crore during ticket checking drives

In November 2023, the highest ever monthly ticket checking revenue of Rs 21.20 cr in the financial year 2023-24, was recovered through the detection of 2.94 Lakh ticketless and irregular passengers

'All unmanned level crossings on railways' broad gauge track eliminated'

The railways has eliminated all unmanned level crossings on its broad gauge track network, but metre gauge and narrow gauge track sections still have 559 such crossings with Gujarat having the highest at 262, the Lok Sabha was informed on Wednesday. Sharing data on level crossings, both manned and unmanned, in the country in a written reply, Railway Minister Ashwini Vishnaw said that "all unmanned level crossings (UMLCs) on running lines of the broad gauge (BG) network of the Indian Railways have been eliminated by 31.01.2019". "Only 559 UMLCs on metre gauge (MG) and narrow gauge (NG) sections exist on Indian Railways, which are planned for elimination during gauge conversion of sections," he said. He was replying to questions raised by BJP MP Nishikant Dubey and BJD MP Achyuta Samanta on the status of railway level crossings in the country. The minister said that "as on 01.04.2023, there are a total 18,477 level crossings on the running lines of the Indian Railways network, which

Railways gave Rs 59K cr subsidy on passenger tickets in 2019-20: Vaishnaw

The Indian Railways offered a subsidy of Rs 59,837 crore on passenger tickets in 2019-20 and the concession still continues, Railway Minister Ashwini Vaishnaw said in a written reply in the Lok Sabha on Wednesday. Vaishnaw shared the information in response to a question by Congress MP Anto Antony from Kerala regarding restoring pre-Covid concessions for different categories of railway passengers. "The Indian Railways always strives to provide affordable services to all strata of the society and gave a subsidy of Rs 59,837 crore on passenger tickets in 2019-20," the minister said. "This amounts to a concession of 53 per cent on an average to every person travelling on Railways. This subsidy is continuing for all passengers," he said. According to Vaishnaw, concessions beyond this subsidy amount are continuing for many categories like four categories of Persons with Disabilities (Divyangjans), 11 categories of patients and eight categories of students. About 18 lakh patients and the

Kavach has been deployed in three sections in South Central Zone: Vaishnaw

Kavach, an indigenously developed automatic train protection system, has been deployed in three sections in South Central Railway zone along with 139 locomotives, Railway Minister Ashwini Vaishnav informed the Lok Sabha on Wednesday. Vaishnaw responded to questions raised by two Congress MPs from Kerala - Benny Behanan and Kumbakudi Sudhakaran - on the total number of sections and length under various railway zones that are covered by Kavach. "Kavach has so far been deployed on 1,465 route km and 139 locomotives (including Electric Multiple Unit rakes) on South Central Railway...," Vaishnaw said in a written response. These sections are Lingamapalli-Vikarabad-Wadi and Vikarabad-Bidar section (265 Rkm); Manmad-Mudkhed-Dhone-Guntkal section (959 Rkm) and Bidar-Parbhani section (241Rkm). Vaishnaw said that Kavach is an indigenously developed automatic train protection system which is highly technology intensive and requires safety certification of highest order. "Kavach aids the loco

Railway ministry raises freight rates for transportation of automobiles

Short-distance rates see major rise in modern auto-carrier wagons

Ram Karan Yadav takes charge as general manager of Central Railway

Senior railway official Ram Karan Yadav has been appointed as the general manager of the Central Railway (CR). Yadav, a 1986 batch Indian Railways Service of Engineers (IRSE) officer, took charge of the office on Friday, the Central Railway stated in a release. Before joining the Central Railway, Yadav was the director general of the Indian Railways Institute of Civil Engineering (IRICEN) Pune. The senior officer has replaced Naresh Lalwani, who retired from the post on Thursday. Yadav graduated in civil engineering with honours from IIT Roorkee in 1985 and joined the Railways in March 1988. He also earned an M.Tech (Soil Mechanics & Foundation Engineering) from IIT Delhi in 1987. Yadav has served in various posts in the Western, North Eastern, Central and Eastern divisions of the Railways apart from working with IRICEN Pune, Rail Indian Technical and Economic Service (RITES) and Delhi Metro Rail Corporation.

Railways to upgrade anti-collision tech Kavach to LTE: Ashwini Vaishnaw

Target for 5000 kms of ATPS commissioning by FY26