Category: Finance

JSW Infrastructure Limited is venturing into the container train operations business by acquiring the container train operator (CTO) license of Sical Multimodal and Rail Transport Limited from Pristine Logistics and Infraprojects Private Limited.

In a bid to strengthen India’s railway communication and information technology infrastructure, REC Limited will provide Rs 300 billion funding to RailTel Corporation of India.

Ministry of Steel is planning a minor disinvestment of Rashtriya Ispat Nigam Limited (RINL) with the view of reducing the debts of the organisation.

Reportedly, IR’s investment and expenditure in ongoing infrastructure and safety projects pan India in the April-July period of 2023-24 has crossed Rs 1 trillion.

In a major development in PM GatiShakti Rail Corridor Projects in Chhattisgarh, Rupee Term Loan documents were executed between the Central Bank of India under sole banking and the promoters, i.e., South Eastern Coalfields Ltd (SECL), Ircon International Limited (IRCON), CSIDC and Chhattisgarh East Railway Limited (CERL).

In an important development, Hindalco plans to invest Rs 20 billion to bring new extrusion and fabrication technologies to India.

The government is considering a proposal to offload a part of its 86.36 per cent stake in Indian Railway Finance Corp (IRFC) through the offer-for-sale (OFS) route in 2023-24.

India is working towards development of energy, mineral and cement transport corridors.

The government will offload a 5.36 per cent stake in state-run Rail Vikas Nigam Ltd (RVNL) through the offer-for-sale (OFS) route, which includes a green shoe option of 1.96 per cent.

Ministry of Railways (MoR) has allocated funds to the tune of Rs 1.54 billion for the under-construction railway line between Tripura and Bangladesh.

Ministry of Railways (MoR) has allocated funds to the tune of Rs 1.54 billion for the under-construction railway line between Tripura and Bangladesh.

Owing to internal differences, the disinvestment of Container Corporation of India (CONCOR) is off the table for now.

According to official documents, Indian Railways (IR) has spent more than Rs 1 trillion on safety measures between 2017-18 to 2021-22.

Indian Railways (IR) is looking into a new public-private partnership (PPP) model to attract private investment to redevelop railway stations.