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Traffic volumes are linked to activity in mining, manufacturing and construction, which were not encouraging in the first six months of FY2025

At Rs 2.52 lakh cr, Budget 2024's allocation for Railways remains unchanged from interim Budget, rises 5% on year

Railway Minister Ashwini Vaishnav told reporters on July 23 that out of the total budget allocation Rs 1.08 lakh will be used to boost railway safety in 2024-25.

Railways mentioned only once, allocation maintained in 2024-25 Budget

Railway stocks like RVNL, IRFC, Ircon International, RailTel Corporation of India, and Texmaco Rail & Engineering fell around 1-5 percent after FM Sitharaman's Budget Speech concluded on July 23

Indian Railway will need to raise around Rs 30,000 crore from asset monetisation in FY24: Sources

Indian Railways missed its asset monetisation target in 2021-22. This is likely to be repeated in 2022-23 as well, when against a target of Rs 57,000 crore, it will likely raise only around Rs 20,000 - 25,000 crore.

Budget 2023: Govt increases spend on dedicated freight corridors, logistics infrastructure

Budget 2023: As per the revised estimates of the central government, Rs 15,388.05 crore will be spent for track renewal, Rs 3,220 crore will be spent for gauge conversion, and Rs 24,092.66 crore will be spent for doubling in 2022-23. A sum of Rs 24,914.07 crore will be spent on setting new lines as well in 2022-23.

Neogrowth raises USD 20 million from DFC

Neogrowth is backed by renowned investors such as Omidyar Network, Lightrock, Khosla Impact, Accion Frontier Inclusion Fund, Quona Capital, IIFL Seed Ventures Fund, WestBridge, and Leapfrog Investments.

Exclusive | Railways to introduce BOT model in dedicated freight corridors

This will be for the first time that the build-operate-transfer (BOT) model will be introduced in a railway infrastructure project

3 new dedicated freight corridors to see Rs 2.17 lakh crore investment

The asset monetisation plan includes leasing out the tracks to private players to operate their trains

GST, DFC to aid Indian logistic cos in long term: Citi

Despite the near-term demand softness continues to impact container trains operators (CTO), concrete progress on Dedicated Freight Corridor (DFC) and the Goods and Services Tax (GST) continues to provide structural tailwinds.

Indian Railway to lay 7 km tracks per day in 2016-17

The drive is expected to gather further pace in 2017-18 when rails will be laid in about 13 km every day. The bar will be raised further in 2018-19 to 19 km per day, according to an action plan formulated by the public sector behemoth to bolster rail network, Railway Ministry sources said.

Dedicated Freight Corridor project to be completed by 2019

Railways on Friday assured the industry that the ambitious Rs 81,459 cr worth 'Dedicated Freight Corridor' (DFC) project, meant for faster goods movement, will be completed by 2019.

Container Corp gains 3%; Nomura maintains buy, ups target

Shares of Container Corporation of India gained 3 percent intraday Wednesday. Nomura retains buy rating on the stock with increased target price of Rs 1,765 (from Rs 1,570 earlier) as it is the largest beneficiary of game-changing dedicated freight corridor (DFC) commissioning by March 2018.

Rail Budget 2015: Prabhu bets on private partnerships, BOT to bail Railways

Railway minister Suresh Prabhu has proposed to set up an infrastructure fund, holding company to raise long-term debt, along with setting up a financing cell in Railway Board. In order to finance capex, he plans to tap into MPLAD funds, to raise funds from pension and insurance funds and multilateral agencies.

Order pick-up a year away despite recent reforms: Thermax

Even as the central government has taken various steps such as passing an ordinance to simplify land acquisition for infrastructure projects, a meaningful pick-up in order flows, such as in the power sector, is at least a year away, believes engineering firm Thermax.

EGoM to decide on MMTC stake sale floor price on Tuesday

An inter-ministerial panel is likely to decide tomorrow the floor price for 9.33 percent stake sale in MMTC, which can fetch around Rs 300 crore to the exchequer at current rates.

Rail Budget 2013-14: Rail minister may talk of few more corridors: Kalindee

In an interview to CNBC-TV18 AP Verma, director of finance, Kalindee Rail Nirman said, we expect the government to announce Delhi-Lucknow-Patna, Delhi-Jaipur-Jodhpur or Pune-Mumbai-Ahmadabad, Chennai-Bangalore corridors this year.

Execution concerns persist for construction sector: ICRA

ICRA has come out with its report on Indian construction sector. According to the research firm, opportunities for construction companies are expected from projects to be undertaken in the opportunities in railways, urban infrastructure - particularly metros, airports and roads sectors.