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Knorr-Bremse to acquire Escorts Kubota's Railway business in multi-billion deal
As of the 2023 financial year, Escorts Kubota's railway business constituted 10% of its overall revenue, marking a threefold increase from its 3.1% share a decade ago around the 2014 financial year.Read more
NBC Bearings partners with FOGTEC to supply for Indian Railways
NEI will be responsible for business promotion of FOGTEC products including Supply, installation, and commissioning of the product for Indian Railways.Read more
Siemens plans major urban transport hub in India following Indian Railways contract
This strategic move is fuelled by Siemens' recent milestone contract with Indian Railways, valued at Rs 26,000 crore (approximately $3 billion).Read more
Indian Railways struggles with wheel supply, increasing reliance on Chinese imports
The domestic supplies from Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) have not kept pace with the increasing requirements.Read more
Rail Resurgence!
India Railways has been undergoing modernisation programme with consistent increase in capital expenditure in recent years. In the Union Budget 2023-24, the railway sector was the biggest beneficiary.Read more
Investments push spurring growth in railway segment
With rail infrastructure expecting an investment of Rs 50 trillion by 2030, players in this sector will have abundance of opportunities to scale new heights.Read more
Hindalco, Metra partners for high-speed aluminium rail coaches in India
The primary goal of this collaboration is to facilitate the production of large-scale aluminium extrusion and fabrication technology.Read more
NFR deploys AI surveillance to protect elephants from train collisions
Following a highly successful pilot project in the Chalsa-Hasimara section of the Dooars region and the Lanka-Hawaipur section under Lumding Division NFR has decided to gradually extend the system to all other elephant corridors under its jurisdiction.Read more
RKFL aims to double revenue with Strategic Expansion Plan
The company, headquartered in Calcutta with manufacturing facilities in Jamshedpur, is pinning its hopes on several key developments including acquisition of JMT Auto.Read more
Responsive Industries' shares soar 20% on Indian Railways contract win
This remarkable surge was attributed to the company securing a significant contract from the Indian Railways for the 'Garib Rath' initiative.Read more