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SECTOR | 26 Jul 2024

Ashwini Vaishnaw allocates Rs 70 cr for Odisha's Rayagada Railway Division

Business Standard

The railway ministry has allocated Rs 70 crore for the Rayagada Railway Division in Odisha under the East Coast Railway Zone, officials said Friday. The establishment of the Rayagada Railway Division is poised to bring significant benefits to the region, enhancing connectivity and fostering economic growth, they said. The allocation to the state was informed to Nabarangpur MP Balabhadra Majhi, who met Railway Minister Ashwini Vaishnaw in New Delhi. "I thank the railway minister for addressing the much-awaited and public-centric Rayagada Railway Division issue. We have had thorough discussions with the minister and I am pleased to announce that most of the formalities for the formation of the Rayagada Division is going to be completed. The work will be started soon once the tenders are in place," Majhi said in a statement. The ECoR zone presently has three divisions at Khurda Road, Sambalpur and Waltair. The new Rayagada division will be created by bifurcating Waltair.

Transportation

SECTOR | 26 Jul 2024

DPR to be prepared for the metro corridor from Poonamalle to Parandur

Business Line

Chennai Metro Rail signs contract for DPR of Poonamalle-Parandur metro corridor, including 19 stations, completion by November 2024

Transportation

SECTOR | 25 Jul 2024

Texmaco Rail acquires Jindal Rail Infrastructure 615 crore

Business Line

Texmaco, an Adventz Group company, makes wagons for the bulk transport of alumina, cement/fly ash, steel, fuels, chemicals, iron-ore (gondola wagons) as well as automobile-carrying wagons

Texmaco Rail and Engineering acquires Jindal Rail Infra for Rs 615 crore

Business Standard | 25 Jul 2024 7 more

Transportation

SECTOR | 25 Jul 2024

Part of NH-3 in Himachal closed after cloudburst causes flash flood

Business Standard

A stretch of the National Highway-3 was closed for vehicular traffic following a flash flood triggered by a cloudburst in Himachal's Kullu district, police said on Thursday. No casualty has so far been reported in the incident that occurred late Wednesday, they said. According to officials, the stretch between Dhundi and Palchan Bridge on NH-3, also known as Leh-Manali Road, was affected due to the cloudburst at Anjani Mahadev nullah in the Manali area. Vehicles headed to Manali from Lahaul and Spiti via the north portal of the Atal Tunnel have been diverted towards Rohtang, the Lahaul and Spiti police said in an advisory on Thursday. It also asked the commuters to travel only if necessary, drive cautiously, and stay aware of the possible danger en route. A total of 15 roads, including 12 in Mandi, two in Kinnaur and one in Kangra district were closed for vehicular traffic while 62 transformers were disrupted in the state on Wednesday night, the state emergency operation centre ..

Transportation

SECTOR | 24 Jul 2024

Rlys on the move, eyes to ferry 7.4 bn passengers, 1,650 mt freight in FY25

Business Standard

Railways Minister Ashwini Vaishnaw said phased rollout plan of Kavach would be released soon

Union Minster Ashwini Vaishnaw on allocation for Railways Ministry in Union Budget 2024

Business Line | 24 Jul 2024

Transportation

SECTOR | 24 Jul 2024

Kernex Stands To Gain From Railways' Kavach Push | NDTV Profit

NDTV Profit

Transportation

SECTOR | 24 Jul 2024

RVNL, HAL: Is there more downside in Rail, Defense stocks post Budget 2024?

Business Standard

Shares of rail and defense related companies bounced back in trades on Wednesday; however, charts reveal that several stocks were trading below their key short-term moving averages.

Transportation

SECTOR | 24 Jul 2024

GM indefinitely delays plans of self-driving vehicle without steering wheel

Business Standard

In 2022, GM filed a petition with the National Highway Traffic Safety Administration seeking permission to deploy up to 2,500 self-driving Origin vehicles annually without human controls

Transportation

SECTOR | 24 Jul 2024

Stocks that will see action today: July 24, 2024

Business Line

Buzzing stocks: Bajel Projects, Titagarh Rail, Dr Reddy's Lab, Krsnaa Diagnostics, Suven Pharma, Piramal Pharma, Infosys, ONGC, IOL Chem, Tata Consumer, Elgi Equipments

Transportation

SECTOR | 23 Jul 2024

Roads and highways: hitting a speed bump?

Business Line