RVNL has secured a ₹156.36 crore EPC contract from South Western Railway for the design, supply, erection, testing, and commissioning of a 2X25 KV overhead electrification system and associated power supply installations. Brigade Enterprises has launched Brigade Altius, a premium residential project in Chennai’s IT corridor. RITES has received a ₹27.96 crore contract from South Central Railway for conducting a final location survey for high-speed elevated rail corridors between Hyderabad-Bengaluru and Hyderabad-Chennai. This contract involves preparing a detailed project report (DPR), alignment design, traffic survey, and using advanced survey techniques like LiDAR. Bajaj Finserv reported strong premium collections for February 2025 through its subsidiaries, Bajaj Allianz General and Bajaj Allianz Life Insurance. Bajaj Allianz General Insurance recorded ₹1,219 crore in gross direct premium, while Bajaj Allianz Life Insurance reported ₹1,080.33 crore in new business premiums, reflecting robust growth in the insurance sector. Biocon has partnered with Civica Inc, a non-profit pharmaceutical company, to enhance the accessibility and affordability of insulin aspart in the United States.
Faster capital expenditure spends seen in 2024-25 so far, coupled with the Indian Railways's plan to take increased deliveries of Vande Bharat trainsets and testing of high-speed rail trainsets in 2025 are the main triggers.
Indian Railways is also looking to launch Vande Bharat trains across routes where air connectivity is either not very extensive or is very expensive.
The 435 km high-speed rail is expected to reduce travel time between Mysuru and the two Southern state capitals and will have nine stations along the route.
The apex court will hear the plea by Godrej & Boyce against land acquisition on February 24. Importantly, the SC has ordered the Maharashtra Government to refrain from any possession of land till that date.
The total estimated cost of the Mumbai-Ahmedabad project is around Rs 1.08 lakh crore, out of which 81 per cent or Rs 88,000 crore is expected to come through a loan from the Japan International Cooperation Agency (JICA)
The Centre has plans for eight bullet train projects
Prabhu will be addressing the Emerging Market Forum in Paris and he will be meeting Alaon Vidalies, French Minister of State for Transport, Marine Affairs and fisheries to discuss bilateral cooperation programmes.
Railways have offered massive investment opportunities at the the proposed Diamond Quadrilateral project aiming to connect all four metro cities with high speed rail network.
Gujarat Chief Minister Narendra Modi on Monday said seriousness in implementation of the High-Speed Rail (HSR) should reflect in the Railways Budget and provisions for the same should be there to provide an impetus to the ambitious project.