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Bihar gets record Rs 10,000 crore for rail infrastructure in FY27: Ashwini VaishnawBihar's rail network is set for a major upgrade. The Union Railway Minister announced a record Rs 10,000 crore allocation for infrastructur...- DMRC expands global outreach, forms international arm to pursue overseas metro projectsThe Delhi Metro Rail Corporation (DMRC) is expanding its horizons by seeking international collaboration for infrastructure enhancements. N...
- Texmaco Rail & Engineering shares zoom 13% on strong Q4 show, order win worth Rs 4,045 croreTexmaco Rail & Engineering shares rose sharply after reporting a 45% rise in Q4 net profit. Despite lower revenue, margins improved, while ...
- Indian mining industry players see opportunities in South AfricaNitin Agrawal of Oza Holdings highlights South Africa's easing mining regulations and infrastructure privatization as significant opportuni...
- Arcelor Mittal South Africa stares at closure of long steel biz; awaiting govt's rescue packageArcelorMittal South Africa may close its long steel business. The company faced a significant loss. It awaits government intervention to su...
- Rites shares jump 6% after winning $3.6 million international orderRITES shares surged over 6% to Rs 296 following the announcement of a USD 3.6 million international contract from African Rail Company. Thi...
- Scramble for critical minerals spurs an African rail revivalSouthern Africa's railways have become a hotspot for global investment as nations seek to streamline copper exports from Zambia and Congo.
- ArcelorMittal S.Africa to close long steel ops, cut 3,500 jobsArcelorMittal South Africa plans to close its long steel operations due to weak demand, infrastructure problems, and a 20% decline in steel...
- JSPL produced rails for high-speed corridors approved by Indian RailwaysJindal Steel and Power Limited (JSPL) is the first and only Indian manufacturer to develop 60E1 1175 Heat Treated(HT) Rails suitable for Hi...
- Samsung Venture Arm may deliver $10 million to SwiggyLast week, Swiggy announced that Naspers had led a $113-million funding round, which is part of a larger $150-million fundraise being under...
- Jindal Group eyes debt-ridden London MiningJindal Group is considering a last-minute move to acquire the debt-ridden UK firm London Mining, a media report said today.
- Weak capacity at rail carrier Transnet deters Indian investors in South African coal industryExporting huge amounts of coal to India was allegedly being hampered by Transnet's insistence that coal mining companies finance the expans...
- Mozambique invites rail line bids; Coal India to benefitThe two coal blocks - A1 and A2 - at Moatize in Tete province are spread over 200 sq km and are being developed by Coal India Africana Limi...
- Mozambique's lack of infrastructure may hurt investments by Indian firms like Coal India, JSW SteelFor Indian firms, the option now could be an expensive alternative rail system that Coal India is mulling.
- TWL acquires French wagon Co for over Rs 11 crTitagarh Wagons on Monday said it has acquired French rail wagon-maker IGF Industries-Arbel Fauvet Rail (AFR) for around Rs 11.7 crore.
- Saudi project is RITES's anchor deal: MDRITES CEO and managing director VK Agarwal spoke to Nirbhay Kumar of ET about his plans for the company.
- Railways gear up to transport coal in MozambiqueRailways for the first time will be extending its expertise in coal transportation in foreign shores.
- Tatas hike stake in SA's Neotel to 56%The Tata group has increased stake in its South African telecom venture, Neotel, by 30%, thereby taking the total equity in the communicati...
- CRISIL assigns IPO grade 3/5 to RITESCRISIL has assigned a IPO Grade "3/5" to the proposed initial public offer of RITES Ltd, which indicates that the fundamentals of the issue...
- PFC, Rites tie-up to import coal for power plantsState-run Power Finance Corp said it has tied-up with Rites Ltd to import coal from countries, including Africa, to ease scarcity of the fu...
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