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RAILWAY WAGON DELAY
Jefferies raises Titagarh Rail target price by 23%. Check upside potential and key triggersTitagarh Rail Systems shares rose after Jefferies increased its target price. The brokerage noted a strong quarter and improving execution....- Indian Railways tightens contract execution frameworkIndian Railways is implementing reforms to enhance construction quality, including assessing contractor bid capacity for projects over Rs 1...
- Is it time-travel? Did a Indian Railways’ 3-day trip turned into a 3-year journey? A fact-check by centreA fertilizer shipment on an Indian Railways goods wagon took a baffling three years to travel 1,400 kilometers, according to reports. The w...
- CAG flags inadequate approvals in 3.3 lakh railway wagonsCAG also said that more than 3.30 lakh wagons, that constitute 41% of total, were passed without Neutral Control Office (NCO) approval afte...
- Bombay High Court junks Iran plea against order on USD 35 lakh payout to Indian firm; slaps Rs 10 lakh costA division bench of Justices K R Shriram and Rajesh Patil, in a ruling earlier this week, also imposed a cost of Rs 10 lakh after dismissin...
- Railways to start GPS tagging of 300,000 WagonsAs part of the Wagon GPS (WGPS) Project, the Centre for Railway Information Systems (CRIS) has invited expressions of interest for particip...
- Railway Board suggests penalties and infrastructure improvement to lower rake congestionInstances of coal loading terminals and power houses taking more than permitted free time to release wagons were flagged in April. This was...
- Railways spent more than Rs 150 crore to repair wagons, augment coal movement: Official dataIt also said that around 9,982 such wagons were listed as damaged in January, the numbers of which reduced to 7,803 by May 2, with the rail...
- Railways considers lockdown as ‘force majeure’, eases ratesThe finance ministry has clarified that the Coronavirus can be classified as a natural calamity and the Force Majeure clause may be invoked...
- Over 25k wagons loaded with essential commodities daily: Railway MinistryWhile all passenger trains services of the Indian Railways remain non-operational amid the nationwide lockdown to curb the spread of Covid-...
- Railway Ministry to scrap bids for 9,500 wagons, water plantsRail Neer is the packaged drinking water produced and supplied in trains by the railways catering arm, the Indian Railway Catering and Tour...
- Work at proposed Sitalapali railway wagon factory yet to startThe proposed project is to be implemented on public, private partnership mode and the ministry had sought 100 acres from the state.
- Railways facing shortage of 2,000 wagons dailyThe Railways assesses the requirement of wagons and places demand for new wagons every year as augmentation of freight stock is a continuou...
- Groundwork for Railway wagon factory yet to begin in OdishaThe project was to be implemented on public private partnership mode and the ministry had sought 100 acre from the state.
- Delay in wagon induction causes Rs 1635 crores loss: CAGDelay in induction of the 15,815 wagons in the railway system led to an avoidable loss of earning capacity of Rs 1,635.67 crore in seven zo...
- Naveen Patnaik seeks Rs 3,160 cr for Odisha in Rail budget"The Railway Minister said he will certainly try and expedite all these works including the much-delayed Khurda Road-Balangir project."
- SAIL inks pact with Railways arm for Rs 205-cr wagon-making unitState-owned SAIL has signed a 50:50 joint venture with Indian Railways arm RITES to build a wagon-making unit at Kulti near Asansol in West...
- Fertiliser supply thrown out of gear in MaharashtraDespite the prospects of a good monsoon and availability of fertilisers, labour shortages and the non-availability of railway rakes have di...
- Wagon manufacturers keep their fingers crossedWagon manufacturers are keeping their fingers crossed hoping to see the demand for wagons translating into tangible orders in line with Mam...
- CAG pulls up railways for detention of rolling stockThe comptroller and auditor general has pulled up railways for detention of rolling stock beyond the permissible period resulting in loss o...
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