Rail Infrastructure

Eleven stations in Odisha will be redeveloped through a joint venture with the state government, Railway Minister Suresh Prabhu today said at the MoU signing ceremony here.

Cabinet approves Rs 21,000 cr line expansion programme

The Union Cabinet approved the massive line expansion programme that includes nine projects of track construction for a total length of 1937.38 km at an estimated cost of Rs 20867.24 crore, said a senior Railway Ministry official.

Railways to create Rs 30,000 cr fund for remunerative projects

To attract investors for the expansion and modernisation of rail infrastructure, Railways is setting up a Rs 30,000 crore fund, first-of-its-kind for the national transporter, for implementation of remunerative projects across the country.

Danapur-Saharsa Janhit Express flagged off

Railway Minister Suresh Prabhu flagged off a new train service between Danapur and Saharsa in Bihar through video-conferencing here and said his ministry aims at connecting every region of the country with the rail network

Rly signs pact with Odisha govt for JV company for rail infra

Under the agreement, Railways will have 49 percent stake while the state government will own 51 percent in the JV company which will identify projects for development and mobilisation of financial resources for their execution, an official statement said.

Bull vs bear: What's the outlook for Siemens now?

Siemens is undergoing huge transformation, bottlenecking its manufacturing line and downsizing its people and facilities, says Prakash Diwan of prakashdiwan.in.

Rail Budget 2016: Expect to see capital outlay at Rs 1.25 lk cr, says Antique

Railway minister Suresh Prabhu, in his previous Budget, had said he envisages an investment of Rs 8.5 lakh crore over the next five years to achieve his stated goals

Eyeing heavy investment in rly, Prabhu rolls out red carpet

The closed-door meeting at the BSE Tower here this evening, where Prabhu rolled out the red carpet for foreign funds and domestic investors, included multinational i-bankers, FIIs, domestic insurers like LIC and other financial institutions, 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.

Monsoon failure a risk, GDP to average 7.5%: Moody's

The current subdued growth conditions in India reflect both global and domestic factors, which include weak domestic credit conditions, tepid local demand and uncertain global growth, Moody's Investors Service said in a report.

Railways to set up body to enhance ties with pvt investors

Partnership can help railways grow faster," Prabhu said at an international conference on railways organised by Assocham and attended by Ambassadors of China, France and Czech Republic.