Railways revenue earnings up by 76 percent in passenger segment
New Delhi: The total approximate earnings of Indian Railways on originating basis during April to November 2022 is Rs. 43324 Crore, registering an increase of 76 per cent in comparison to Rs. 24631 Crore achieved during the same period last year.
Texmaco wins tender worth Rs 253 cr for Indore Metro’s Yellow Line
Kolkata: Texmaco Rail and Engineering Ltd. has bagged a Rs 252.88 crore contract to supply standard gauge Ballast less Track for the Indore Metro Rail project.
Indian Railways earned over Rs 2500 Crore through scrap sale till September
Indian Railways has registered remarkable scrap sale in first six months of this Financial Year 2022-22.
Indian Railways floats tender inviting pvt players to make 80,000 wheels annually
The India Railways Friday floated tender inviting bids from private players for setting up a wheel plant with a capacity of manufacturing at least 80,000 wheels annually, according to media reports.
Centre cuts railways land licence fees, paving way for privatisation of Concor
New Delhi: The Union Cabinet Wednesday approved the reduction in the railway land license fee policy from 6 percent to 1.5 percent and the lease period has been increased to up to 35 years from five years.
Centre says no bids invited for running passenger trains in PPP mode; rejects media report
New Delhi: The government is not considering any proposal to run passenger trains in public-private partnership (PPP) mode as mentioned in a report published in a prominent daily, the Ministry of Railways said in a statement on Tuesday.
Indian Railways records best ever August Monthly freight loading of 119.32 MT in August’22
New Delhi: Indian Railways (IR) has recorded best ever August Monthly freight loading of 119.32 MT in August’22.
Mumbai: Railway Freight Activity Optimism Index (RFAOI) for Q2 2022 stands at 63, three points higher than the previous quarter despite the uncertainty posed by the Russia Ukraine war and the eminent risks weighing upon the pace of recovery of businesses (global inflation and swift change in monetary policy), according to a survey.
New Delhi: Indian Railways Finance Corp (IRFC) has decided to raise $1.1 billion (about 130 billion yen, or Rs 8,440 crore) through a yen-denominated syndicated offshore loan to finance the green initiatives of the India Railways, ET reported.
IRCTC's Q3FY22 net profit jumps 167 pc to Rs 209 cr
Mumbai/IBNS: Indian Railway Catering and Tourism Corporation (IRCTC) on Tuesday said it has registered a 167.41 percent year-on-year (YoY) rise in its net profit for the third quarter of FY22 at Rs 208.80 crore.
Cabinet approves Productivity Linked Bonus to railway employees for the FY 2020-21
New Delhi/IBNS: The Union Cabinet Wednesday approved the Productivity Linked Bonus (PLB) equivalent to 78 days' wages for the financial year 2020-21 for all eligible non-gazetted Railway employees (excluding RPF/RPSF personnel).
Indian Railways partners with GatewayRail to start Assured Transit Time Services
Mumbai/IBNS: Indian Railways commenced its Assured Transit Time Services under the new Freight Express Scheme with GatewayRail on August 15 this year.
Indian Railway Finance Corporation Ltd. posts all-time high revenue and profit numbers for FY21
New Delhi: Indian Railway Finance Corporation Limited,the dedicated market borrowing arm of the Indian Railways, posted profit growth of 126% on YoY basis for Q4 FY 2020-21 to stand at Rs. 1,482.55 crore vs. Rs. 654.63 crore reported in Q4FY2020.
IRCTC to open four new hotels partnering with Tata Group's Ginger brand
New Delhi/IBNS: Even as the hospitality sector continues to reel under the impact of the pandemic, Tata Group and state-run Indian Railway Catering and Tourism Corp (IRCTC) have joined hands to open four more budget hotels in Lucknow, Khajuraho and Kevadia under Ginger Hotels' brand, said media reports.
L&T Construction wins contract from Rail Vikas Nigam Limited
New Delhi: The construction arm of L&T has secured a Large order for its Heavy Civil Infrastructure business from Rail Vikas Nigam Limited (RVNL) for Package 4 of the New Broad-Gauge Line between Rishikesh and Karanprayag in the State of Uttarakhand, India.