The Railways is likely to restore its train services to pre-COVID levels over the next two months, provided the state governments give their nod and the coronavirus pandemic is under control
Steps taken to increase freight maybe institutionalized in coming year: Rail Ministry
The Railways has decided to disallowed passengers from using mobile charging stations onboard trains between 11 pm and 5 am as a precautionary measure against the spread of fire
During the lockdown, all services of the railways had come to a grinding halt and even now, only special trains are plying
Market players said the volatility in the secondary market impacted demand
The government on Tuesday said it will dilute 15 per cent stake in Rail Vikas Nigam Ltd via an offer for sale to raise nearly Rs 750 crore. The issue will open on Wednesday for non-retail investors, and on Thursday for retail investors. "Offer for Sale in RVNL opens tomorrow for Non Retail investors. Retail investors can bid on Thursday. Govt. would divest 10% equity with a 5% Green Shoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said in a tweet. The floor price has been fixed at Rs 27.50 a share, a 9.54 per cent discount to Tuesday's closing price of Rs 30.40 apiece on the BSE. RVNL was incorporated as a 100 per cent owned PSU of the Ministry of Railways on January 2003 with the objectives of raising extra-budgetary resources and implementation of projects relating to creation and augmentation of capacity of rail infrastructure on fast track basis.
The Railways announced on Tuesday a slew of initiatives against smoking and carrying inflammable items, which were apparently the cause behind some of the recent fires on board trains.
Power generation holds steady compared to previous week
As many as 32 railway projects, worth Rs 64,429 crore fully or partly in Andhra Pradesh are in different stages of development, Railway Minister Piyush Goyal informed Parliament Friday.
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Critical contractual changes may help the long delayed plan to redevelop New Delhi Railway Station finally get off the ground and offer a template for similar projects
Overall mobility still rising, including at retail and recreation spots
Despite Covid, on March 11, 2021, Indian Railways achieved cumulative freight loading of 1145.68 million tonnes, which is higher as compared to last year's total cumulative loading
For the year 2019-20 and 2020-21, Goyal attributed the shortfall in revenue to the "adverse" impact of the COVID-19 pandemic and the consequent suspension of railway operations
Indian Railways is discussing if its current 25% discount for moving empty containers inland along some routes needs to be extended beyond March
The Eastern Railway authorities said that it extended full cooperation to the fire brigade and police in fighting a devastating blaze at its New Koilaghat Building in Kolkata where nine people died
Railway Minister Piyush Goyal has set up a high-level committee to ascertain the cause of the fire at an Eastern Railway office building in Kolkata in which nine people were killed on Monday
PM Modi also tweeted, "Saddened by the loss of lives due to the fire tragedy in Kolkata. In this hour of sadness, my thoughts are with the bereaved families. May the injured recover at the earliest"
Freight gains have trailed in the latest week
To overcome the inconvenience over multiple helpline numbers for grievances and enquiry during railway travel, Indian Railway has integrated all railway helplines into a single number1--39