Railway Minister Suresh Prabhu today his ministry has drawn up a mission to save Rs 41,000 crore on electricity energy bills over the next ten years by betting big on solar energy, even as it expects to mop-up Rs 17,000 crore through non-fare revenue modes.
Indian Railways is considering ending state-owned Steel Authority of India Ltd’s (Sail) virtual monopoly on supplying steel for standard rail tracks, opening up annual purchases worth up to $700 million to the private sector, people close to the matter told Reuters.
The much awaited Q track near Ratlam will be operational for train traffic from March 28.
With the beginning of train movement on the newly laid track, it would not only provide direct rail link from Indore to Jaipur, Ajmer and many other big cities of Rajasthan, but also shorten distance between Indore and Delhi.
Railway Minister Suresh Prabhu today asked the students of IIT-Roorkee to offer their ideas to improve the rail facilities.
Cochin Shipyard Ltd (CSL), India’s largest largest public sector shipyard, is planning to raise about Rs. 1,400-1,500 crore through an initial public offering (IPO) and has filed initial papers with the marker regulator. On completion of a successful IPO, CSL will become the first of five state-owned shipbuilding companies to be publicly listed.
Plans to connect Tripura with Bangladesh from three sides: Minister of State for Railways Rajen Gohain
The Railway ministry was exploring the possibility of connecting Tripura with Bangladesh from three sides, Minister of State for Railways, Rajen Gohain, said today.
The Centre has given in principle approval to upgrade 57,500 km of state highways to national highways so as to augment the existing 1.13 lakh km of NHs across the country, Parliament was informed today.
PNC Infratech today said it has emerged as the lowest bidder for NHAI’s two highway projects worth Rs 2,720 crore in Uttar Pradesh and Madhya Pradesh.
China’s second-largest construction company is competing with at least six international builders, including two each from Japan and Korea, for $2.7 billion worth of contracts to build the largest road bridge in India.
Altogether three companies that had signed MoUs with the Odisha government for setting up steel plants have withdrawn their projects from the state, the Assembly was informed today.