Page 10 - Indian Railways

Rail shares in focus after PM flags-off Rs 41K cr projects; RailTel up 16%

Shares of RailTel zoomed nearly 16 per cent in intra-day deals on Tuesday and have gained over 43 per cent so far this calendar year.

Hind Rectifiers freezes at 10% upper circuit on order win from Indian Rlys

Hind Rectifiers has secured supply orders from Indian Railways worth more than Rs 200 crore for financial year 2024-25 (FY25)

'Investment boom': PM Narendra Modi flags off Rs 41K cr rail works

Says consumption rose by 2.5x in 10 years, talks of India's achievements

PM Modi unveil projects worth Rs 41,000 crore for Indian Railways

The Amrit Bharat stations, spanning 27 states and Union Territories, will undergo redevelopment at a budget exceeding Rs 19,000 crore

How an unattended goods train travelled 70 km from J-K to Punjab on its own

The 53-wagon train loaded with chip stones travelled from Jammu-Kashmir's Kathua to Punjab's Hoshiyarpur between 7.25 am and 9 am without any drivers

PM Modi to lay foundation stone for 28 stations over Eastern Railway on Mon

He said that in Bandel station major redevelopment work is proposed to transform it into a world-class station with all modern facilities and amenities at an estimated cost of Rs 307 crore

Confident of consistent growth at 6-8% for next 10 years: Ashwini Vaishnaw

Union Minister Ashwini Vaishnaw on Thursday expressed confidence that India will continue to have 6-8 per cent consistent growth rate over the next 10 years, as he invited global players to innovate in the country for the domestic and world markets. India is open to the world, and to new ideas, Vaishnaw, the Minister of Railways, Communications and IT, said while speaking at the Raisina Dialogue 2024. He nudged the global community to "come here, innovate here for India... for the world." "The Indian economy is growing at a consistent clip at a very good rate. In the next 10 years, India will continue to see a 6-8 per cent consistent growth rate... I can say that with a high level of confidence," Vaishnaw said. The building blocks for this are already in place and the results are visible, he said, outlining various initiatives taken by the government under Prime Minister Narendra Modi. Improvement in physical and digital infrastructure, education and skilling, as well as innovation

PM Modi to lay foundation stone of 550 Amrit Bharat stations on February 26

Prime Minister Narendra Modi will on February 26 lay the foundation stone of 550 Amrit Bharat stations to improve facilities at railway stations by developing rooftop plazas and city centres at a cost of Rs 40,000 crore. The prime minister will also lay the foundation stone of nearly 1,500 road overbridges and underbridges across different states during a function that will be conducted virtually at over 2,000 railway stations, officials said on Wednesday. The prime minister will join the function via videoconferencing. Prizes will also be given to about 50,000 school students who had participated in speech, essay and poetry writing competitions on the "2047 - Viksit Bharat ki Railway" theme, organised by the Indian Railways across 4,000 schools. Nearly four lakh students participated in different competitions and about 50,000 prizes will be awarded by divisional railway managers and senior railway officers during the function. The Amrit Bharat Station Scheme was launched for the

The NDA approach to PSUs

The Modi govt's equity contribution to public sector units has risen even as their capacity to generate resources has taken a hit

Ten wagons of goods train derail, overturn near Zakhira flyover in Delhi

Around ten wagons of a goods train derailed and overturned on the Patel Nagar-Dayabasti section in the Delhi area on Saturday morning, officials said

48.1 km long Banihal-Sangaldan section rail link to open on Feb 20

The Indian Railways will start train services on the Banihal-Khari-Sumber-Sangaldan section, a 48.1-km-long significant segment of the country's most ambitious Udhampur-Srinagar-Baramulla Rail Link (USBRL) project, on February 20. "We will get a step closure to realise our dream to connect Srinagar with Kanyakumari," a source in the railways told PTI. "The Udhampur-Srinagar-Baramulla Rail Link (USBRL) project is one of the most ambitious Himalayan railway projects post independence," he added. According to sources in the railways, Prime Minister Narendra Modi is likely to inaugurate the section by virtually flagging off a train from Sangaldan. However, an official confirmation in this regard is awaited. Talking about the project, a senior railway official said, "Spanning the challenging terrain of the Pir Panjal ranges, the USBRL aims at establishing an all-weather, comfortable and economically-feasible transportation network, connecting remote Himalayan areas with the rest of the

Land given to Railways for commercial sites still undeveloped: Parl Panel

The Public Accounts Committee of Lok Sabha in its report has found that the Railway Land Development Authority (RLDA) failed in its objective to develop railway land sites for commercial use due to various reasons. In the report, presented to the Lok Sabha, the Committee said that it reviewed 17 sites out of 49 entrusted to RLDA by the Indian Railways in 2007 and noted that none of them were developed till 2017. It added that out of 49 sites, only 40 were commercially viable. The Committee, chaired by Adhir Ranjan Chowdhury, selected the subject Development of Railway Land for Commercial use by Rail Land Development Authority which was based on the Comptroller of Auditor General's (CAG) report laid in the Lok Sabha on July 20, 2018. According to the report, Indian Railway has 43,000 hectares of vacant land out of which it entrusted 49 sites to RLDA from 2007 to 2017 for commercial development to generate revenue. The Committee observed that Audit reviewed the development of 17 sit

IRCTC announces appointment of Sanjay Jain as CMD with immediate effect

Railway PSU IRCTC on Wednesday announced the appointment of Sanjay Kumar Jain as its Chairman and Managing Director with immediate effect. Prior to this role, Jain was Principal Chief Commercial Manager (PCCM) of Northern Railway, Indian Railway Catering and Tourism Corporation Ltd (IRCTC) said in an exchange filing. "...the appointment of Sanjay Kumar Jain has been approved by the Government of India (Ministry of Railways) for the post of CMD on immediate absorption basis...for a period with effect from the date of his assumption of charge of the post and till the date of his superannuation i.e. 31.12.2026 or until further orders, whichever is the earlier," IRCTC said. Jain has relinquished the charge of PCCM/Northern Railway on February 13, 2024 and has assumed the charge of the post of IRCTC Chairman and Managing Director (CMD) on regular basis with effect from February 14, 2024. The official is an Indian Railway Traffic Services (IRTS) Officer of 1990 batch. A qualified Charter

Rlys not a deemed distribution licensee, liable to pay surcharges: APTEL

National Transporter May Appeal Decision After Legal Consultation, Say Sources

'Aastha' train carrying 2,000 pilgrims flagged off from Goa to Ayodhya

A special "Aastha" train carrying around 2,000 pilgrims to Ayodhya in Uttar Pradesh has been flagged off from Goa. Chief Minister Pramod Sawant, state BJP president Sadanand Shet Tanavade and other MLAs were present at the flagging off ceremony held on Monday evening at Thivim railway station in North Goa district. Sawant said he along with all the state cabinet ministers will visit Ayodhya on February 15 when everyone, including those who have travelled by the train from Goa, will offer prayers to Lord Ram. He said the people of Goa are thankful to Prime Minister Narendra Modi for making this dream come true. Devotees have been visiting Ayodhya in large numbers after the consecration ceremony at the Ram temple there on January 22. The Indian Railways had announced "Aastha Special" trains to ferry devotees to Ayodhya from different parts of the country. Tanavade said people from various walks of life will be travelling by this train to Ayodhya. Goans have been excited about visi

PM GatiShakti: Five road, railway infra projects recommended for approval

Five infrastructure projects of roads and railways have been recommended for approval under the PM GatiShakti initiative, the commerce and industry ministry said on Friday. These projects were assessed in the 65th Network Planning Group (NPG) meeting. "The NPG examined the projects from the perspective of integrated planning based on the PM GatiShakti principles. The project details were examined based on the planning/mapping on PM GatiShakti National Master Plan (NMP)," it said. The projects which are evaluated include highway projects in Goa, Meghalaya and Assam; construction of rail-over-rail bulb line in Bihar; and urban metro transit projects in Bengaluru and Delhi/NCR. The inter-ministerial NPG meets every fortnight and appraises infra projects to ensure multi-modality, synchronisation of efforts and comprehensive development in and around the project location. The initiative was launched to develop an integrated infrastructure to reduce logistics costs. All logistics and ..

Cabinet approves six multi-tracking projects worth Rs 12,000 crore

Projects likely to add 87 million tonnes of cargo for rail

Railways had to spend over Rs 75 cr extra due to delays: PAC report

Delay in the provisioning of Availability Based Tariff (ABT) Metres by the West Central Railway resulted in an additional expenditure of Rs 75.10 crore on power purchase, according to a Public Accounts Committee (PAC) report. The committee, which tabled its report in the Lok Sabha on Wednesday, said the Railway Ministry had issued instructions in March 2015 to all zonal railways to get direct power from generating companies through open access and ensure the provision of ABT metres. The Ministry's instructions were aimed at reducing the traction tariff to optimise the unit cost of transportation. "Despite entering into an agreement in March 2016 under open access, power supply commenced only from January 2017 mainly due to a delay in the provisioning of ABT metres.The delay in shifting to open access resulted in an extra expenditure on power purchase amounting to Rs 75.10 crore," the report, which was based on a Comptroller and Auditor General of India report laid in Parliament in .

Railways lost Rs 25.5 cr due to injudicious procurement: Parl panel

Injudicious procurement of an additional CNC horizontal boring and milling machine by Patiala Locomotive Works cost a financial loss of Rs 25.43 crore to the Railways, the Public Accounts Committee (PAC) has said in its report in the Lok Sabha. The PAC, in its report tabled in the Lok Sabha on Wednesday, carried out a detailed examination based on the CAG report, which was laid on the table of the House on December 21, 2022. Titled "Injudicious procurement of an additional CNC horizontal boring and milling machine: Patiala Locomotive Works", the report recommends the ministry to establish a mechanism for periodic review of procurement policies in line with evolving directives to prevent recurrence of such infructuous expenditure in future. The matter pertains to the manufacturing and rebuilding of Diesel Locomotives for Zonal Railways and Non-Railway Customers by the Patiala Locomotive Works (PLW) as the Railway Board assigns the work for manufacturing and rebuilding of various type

Railways' mismanagement behind cost overrun in Hajipur-Sagauli project: Rpt

The Hajipur-Sagauli New Line project, sanctioned in 2003-04 at an estimated cost of Rs 24.66 crore, registered a huge cost escalation of Rs 2,066.78 crore in January 2019 due to indecisiveness of the Railway Administration, according to a Public Accounts Committee (PAC) report. Tabled in the Lok Sabha on Wednesday, the report titled 'Loss due to indecision of Railway Administration in the matter of land acquisition: East Central Railway' was based on one of the findings of a Comptroller and Auditor General (CAG) report of 2021. After carrying out a detailed examination, the PAC observed that the railways' lack of prudent decision-making and timely payments resulted in avoidable extra expenditure, underscoring the importance of meticulous financial planning and adherence to land acquisition policies. "The Hajipur-Sagauli New Line project, sanctioned by the Ministry of Railways in 2003-04, underwent a series of financial oversights and lapses in land acquisition processes, leading to