Page 27 - Railways

Railways witnessed unprecedented transformation under PM Modi: JP Nadda

JP Nadda further stated that developments in railways will lead to a new era of connectivity and help make progress in the realisation of a developed India

IRFC posts Rs 6,337 crore profit in FY23, total revenue at Rs 23,891 cr

The Indian Railway Finance Corporation Limited (IRFC) posted a net profit of Rs 6,337.01 crore for the fiscal year 2023, an increase of over four per cent over last year, a company statement said on Friday. Addressing the Annual General Meeting, Shelly Verma, Chairman and Managing Director of IRFC, said the company reported a total revenue from operations amounting to Rs 23,891.28 crore, a 17.70 per cent year-on-year increase over the last fiscal year. The company has declared a total dividend of Rs 1,960.28 crore which works out to 30.93 per cent of profit after tax for FY 2022-23, she added. Verma said IRFC disbursed an amount of Rs 32,392.63 crore in FY23 to the Indian Railways. The asset under management for FY23 stands at Rs 4,66,938 crore, registering a year-on-year growth of 8.63 per cent. The capital adequacy ratio of IRFC continues to remain strong at 512.02 per cent in FY23, she added.

Railways earned over Rs 2,800 cr from revised child travel norms in 7 yrs

Indian Railways has earned an additional revenue of more than Rs 2,800 crore from child travellers in the last seven years by revising child travel fare norms, an RTI response has found. The response from the Centre for Railway Information Systems (CRIS) under the Right to Information (RTI) Act further indicates that the financial year of 2022-23 alone earned Rs 560 crore due to the amended norms making it the most profitable year. CRIS, an organisation under the Ministry of Railways, provides IT solutions in core areas such as ticketing and passengers, freight services, train traffic control and operations, among others. On March 31, 2016, the ministry announced that the railways would charge full adult fare for children of age 5 years and under 12 years if they opted for separate berths or seats in a reserved coach. The revised norm was made applicable from April 21, 2016. Earlier, the railways used to offer separate berths to children between 5 and 12 years while charging only h

Child travel norms: Railways earned over Rs 2,800 cr more in 7 years

Indian Railways has earned an additional revenue of more than Rs 2,800 crore from child travellers in the last seven years by revising child travel fare norms, an RTI response has found. The response from the Centre for Railway Information Systems (CRIS) under the Right to Information (RTI) Act further indicates that the financial year of 2022-23 alone earned Rs 560 crore due to the amended norms making it the most profitable year. CRIS, an organization under the Ministry of Railways, provides IT solutions in core areas such as ticketing and passengers, freight services, train traffic control and operations, among others. On March 31, 2016, the ministry announced that the railways would charge full adult fare for children of age 5 years and under 12 years if they opted for separate berths or seats in a reserved coach. The revised norm was made applicable from April 21, 2016. Earlier, the railways used to offer separate berths to children between 5 and 12 years while charging only h

Improve trains' punctuality during Parl session: Railway Board to all zones

The Railway Board has sent an email to all its zones asking them to monitor and improve the punctuality of all mail/express trains" in view of the five-day Parliament session starting from Monday. An email from the principal executive director (coaching), Railway Board to general managers and other senior officers engaged in the safe rail operations has stressed the need to address all issues that impact the punctuality of trains. According to sources in the Railways, the Board has issued this advisory as several members of Parliament (MPs) travel by train and they have to attend the special session from September 18 to September 22. Asset failures to be monitored and speedy rectification of asset failures to be ensured to minimize the impact on punctuality. Trains to be run at the maximum permissible speed to make up the lost time due to failures and other causes, the email said. It added, Excess engineering speed restriction affecting punctuality to be attended immediately and ..

Mumbai-Ahmedabad train traffic resumes as Narmada water level drops: Rlys

Train traffic on the Mumbai-Ahmedabad route resumed slowly around Monday noon nearly 12 hours after it was halted when the Narmada river was flowing above the danger mark between Bharuch and Ankleshwar stations in Gujarat, Western Railway said. Sharing an update on the situation, Western Railway's Chief PRO Sumit Thakur told PTI that the operation of trains on the route from bridge no 502 resumed slowly at around 11:30 am on Monday as the water level of Narmada river receded below the danger mark. The operation of trains on the Mumbai-Ahmedabad route between Bharuch and Ankleshwar stations under the Vadodara division stopped after Narmada river waters surged above the danger mark at brigade no. 502 at around 11:50 pm on Sunday. "The railway traffic over the Narmada River bridge has resumed and trains are being operated slowly with caution," Thakur said. He said WR has already set up helpline numbers and passengers are being updated about the status of trains through a public ...

Vande Bharat sleeper coach to be rolled out by March '24, Metro by Jan '24

Sleeper coach of Vande Bharat will be rolled out in current financial year where the first train is under production and will be rolled out in March 2024, said BG Mallya, the General Manager of ICF

Rail min sanctions FLS for new line between Japur Keonjhar Road-Dhamra port

The Ministry of Railways has sanctioned the final location survey (FLS) for a new line between Jajpur Keonjhar Road and Dhamra Port in Bhadrak district, a stretch of 96 km, official sources said. The ministry has sanctioned Rs 2.4 crore for conducting the survey. Important religious and tourist destinations like Akhandalamani temple at Aradi Pitha and Navigaya at Birajakhetra, Jajpur district headquarters town will be covered, an official release issued by the East Coast Railways said. Stating that this is a long standing demand of the people of Jajpur and Bhadrak districts, the official said the line will connect tourism spots of Jajpur, Kendrapara and Bhadrak districts. Apart from this, the proposed line will also economically viable for easy transportation of minerals from Keonjhar district, finished products from the industrial belt in Jajpur and Angul districts to Dhamra port and vice-versa. The proposed new railway line is a part of the vision 'Purvoday' of Prime Minister of

Stocks to Watch, Sep 12: L&T, RIL, Lupin, Hindalco, TVS Supply, Power Grid

Stocks to watch on Tuesday, September 12, 2023: From L&T raising its share buyback price, Bajaj Finance planning to enter new car loans segment, Power Grid to trade ex-bonus and more.

New corridor may drive big gains for rail, infrastructure companies

The plan may add to India's energy security and climate goals, according to experts

Over 100,000 travelled on Vande Bharat trains from Aug 15 to Sept 8

While Bilaspur-Nagpur Express has the highest occupancy rate of 122.56%, GOA Madgaon- CSMT Express has the lowest occupancy rate of 75.50%

India-Bhutan first international train service turning into reality

The railway project can act as a breakthrough in terms of facilitating the export of goods, enabling cultural exchange, and strengthening bilateral ties between the two nations

At G20 India, US, Saudi, UAE may join hands to connect West Asia with rail

The deal will also connect the rail network to India through shipping lanes from ports in the Gulf region

What's behind the rally in PSU stocks, and will the uptrend last?

The S&P BSE PSU index has surged over 26 per cent so far in FY24 as compared to 11 per cent up move in the benchmark S&P BSE Sensex.

Do medicines taken by officials impact safe train ops: Rlys asks zones

The Railway Board has directed all its zones to provide details of lifestyle diseases of its drivers and guards, medicines taken by them while on duty and their impact on safe train operations. A communication dated August 31, addressed to general managers of all railway zones, including Metro Railway, Kolkata and Konkan Railway Corporation Limited (KRCL), says that the Board is examining issues related to the use of medicines and its effect on the running staff. Train drivers (also known as loco pilots) and guards who perform running duty come under the running staff of the national transporter. Their respective associations have often voiced concerns on increasing cases of lifestyle diseases such as diabetes, high blood pressure, hypertension, and severe mental stress due to the harsh working conditions. The Board has directed the zonal railways to provide the data along with their remarks regarding various types of lifestyle and job-related diseases amongst the running staff and

IRFC zooms 28% in 2 days on heavy volumes; market-cap hits Rs 80,000 crore

Shares of state run financier Indian Railway Finance Corporation (IRFC) hit a record high of Rs 64.50, nearly doubled since July, from the level of Rs 32.35 on the BSE.

Local EMU train coach derails in Delhi Bhairon Marg, no injuries: Official

A coach of a local EMU train derailed in central Delhi on Sunday, officials said. A senior police officer said the electric multiple unit (EMU) train coach derailed near Bhairon Marg. "No injury has been reported. No public person was present at the spot. Railway staff members have arrived for repairs," the officer said.

Northeast Frontier Railway bags S Asia Award for 'Micro Project of Year'

The Northeast Frontier Railway on Saturday bagged the PMI South Asia Award for its 'Micro Project of the Year' that is, 'Intrusion Detection System' for saving elephant lives. The Intrusion Detection System (IDS) helps to detect elephants approaching the railway tracks and an alert is sent to the local pilot, station master, also station manager so the accident can be prevented.This marks the first-ever victory for a zonal railway under the Ministry of Railways since the inception of the award in 2009. This year, the NF Railway defeated BEL (Bharat Electronics) to bag this award.Last year, the micro category award was bagged by International Business Machines Corporation (IBM). Organisations like Bosch, IBM, L & T, Tata, SBI, Reliance, IOCL, BPCL, EIL, etc, participate in this prestigious annual award every year.Sabyasachi De, CPRO of NF Railway said, "For the 2023 awards, PMI South Asia took entry from organisations for projects completed by 31st March 2023. It has four gruelling

G20 meet in Delhi to affect services of over 300 intercity, express trains

The Northern Railway has released a list of more than 300 trains whose services will be impacted due to the G20 Summit to be held in Delhi on September 9 and 10. Keeping in view the advisory issued for security arrangements, these trains have been either cancelled or diverted to other routes or stations temporarily between Sep 8 and 11, an official statement said. According to the Northern Railway, services of 207 trains have been terminated, terminals of 15 trains changed and routes of six trains diverted. Besides, 70 trains, including Jammu Tawi-New Delhi Rajdhani, Tejas Rajdhani Hazrat Nizamuddin, Varanasi-New Delhi Tejas Rajdhani among others, have been given additional stoppage stations to minimise passenger discomfort, it said. The origin and termination stations of 36 trains have also been changed and three trains will not stop at Delhi's Kishan Ganj during the summit, it said. "People who have planned their travel during these days are advised to check the train timings an

Railway gives priority to passenger safety, invests 54% more funds on it

Prioritising the safety of train passengers, the Indian Railway has made approximately 54 per cent more fund utilisation in the last five months compared to last year's corresponding period. Besides safety, it has also made considerable fund utilisation in various infrastructure projects, such as new lines, doubling, gauge conversion and enhancing passenger amenities, between April 1 and August 31, the railway ministry said on Saturday. "Indian Railways has witnessed approximately 48 per cent capital expenditure utilisation (highest ever) in the first five months of this financial year till August 2023," according to a press statement issued by the Ministry of Railway. "Safety of the passengers is paramount in Railways. A significant sum has been invested in enhancing safety-related works. The capex utilisation is approximately 54 per cent in comparison to the last year's corresponding period," the statement added. During this period, the national transporter has earned a revenue o