Feb 28, 2015 at 13:40 | Source: Moneycontrol.com
The government has already hiked freight rates in Rail Budget for FY16. Freight rate was hiked by 10 percent for urea companies. There were slew of measures taken to revive fertiliser sector.
Feb 27, 2015 at 08:42 | Source: Moneycontrol.com
Emkay feels the Budget estimates for improved operating profit is based on optimistic assumptions for freight and passenger traffic and also the ability to contain costs.
Feb 26, 2015 at 21:42 | Source: PTI
Prabhu said that the Rail Budget has laid a roadmap for the coming five years for an overall revamp of the Rail system, which entails an investment Rs 8,56,020 crore. For the current year, the investment figure is Rs 1,00,011 crore.
Feb 26, 2015 at 19:34 | Source: PTI
In its reaction, domestic ratings agency India Ratings said cement manufacturers will be hit the most by the hike in freight charges for ferrying cement (2.7 percent), coal (6.7 percent) and slag (2.7 percent).
Feb 26, 2015 at 16:56 | Source: Moneycontrol.com
The market fell nearly a percent on Thursday with the Nifty ending the F&O expiry session below 8700-mark. Railway Budget was a dampener as Railway Minister Suresh Prabhu raised freight rates on several commodities.
Feb 26, 2015 at 16:38 | Source: CNBC-TV18
Sanjay Ladiwala, chairman, Cement Stockists & Dealers Association says companies will not be able to pass it on because at the moment prices are under pressure.
Feb 26, 2015 at 16:22 | Source: CNBC-TV18
In an interview with CNBC-TV18, Rajeev Jyoti, Chief Executive, Railway Business of Larsen & Toubro, discussed the Railway Budget that was presented in Parliament by Suresh Prabhu.
Feb 26, 2015 at 16:03 | Source: CNBC-TV18
Satish Chander - director general - Fertiliser Association of India says this will lead to higher subsidy. We are not being paid subsidy and out outstanding is more than Rs 40,000 crore, he told CNBC-TV18. He says the industry will suffer more.
Feb 26, 2015 at 15:35 | Source: Moneycontrol.com
In a post-Budget interaction with the media, Prabhu said a sum of Rs 6,581 crore has been approved to remove around 3,500 level-crossings. He said the ministry has rationalised freight rates in terms of classification.
Feb 26, 2015 at 15:15 | Source: Moneycontrol.com
Suresh Prabhu is targeting an operating ratio of 88.5 percent for the coming fiscal, led by a 16.7 percent growth in passenger earnings to Rs 50,175 crore and freight revenues of Rs 1,21,423 crore. Gross traffic receipts is budgeted at Rs 1.83 lakh crore, a growth of 15 percent.