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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
Daimler India Commercial Vehicles shows strong revenue and sales in 2022
Daimler India Commercial Vehicles achieved sales volume growth of 25 per cent in 2022 with total 29,470 vehicle sales. 200,000 cumulative vehicles produced in Oragadam plant, with highest-ever vehicle exports, parts sales and domestic sales in the year. Read more
APM Terminals Pipavav to set up new liquid berth at $90 million
The leading gateway port, APM Terminal Pipavav’s new liquid berth with a commitment to strengthen the nation's logistics infrastructure and invest in the future of the country, will have a capacity of handling 3.2 MMT of Liquid Bulk adding to the existing capacity of 2 MMT. Read more
Alstom delivers 100th electric locomotive of 12,000 HP to Indian Railways
As part of the contract worth Euro 3.5 billion won in 2015, Alstom will be supplying 800 fully electric high-powered double-section locomotives of 12,000 HP (9 MW) for freight service. This is the largest FDI project in the Indian Railway sector.Read more
Government designs a ‘Four Point Plan’ to deal with Suez Canal Blockage
Blockage of Suez Canal since March 23, 2021 is seriously hitting the global trade. This route is used for Indian exports/imports worth US $ 200 Bn to/from North America, South America and Europe. Read more
ICRA lauds CBEC policy revision for CFS/ICD/AFS to address overcapacity concerns
The revised policy for setting up CFS/ICD/AFS tries to address the issues of geographical disparity and concentration and aims to align future developments with projects like rail freight corridor and inland waterways.Read more
APM Terminals Pipavav to invest Rs 700 crore for expansion
The company will spend the amount for upgrading existing facilities for handling bigger ships and increasing the container capacity to 1.6 million twenty-foot equivalent units (TEUs)Read more
Hitachi ABB Power Grids wins Rs 120 cr order for Indian Railways electrification
The compny will deliver its transformers to the Government of India’s electric locomotive manufacturer, Chittaranjan Locomotive Works (CLW), for the production of 400 passenger and freight locomotive engines.Read more
Budget 2019-20 proposes PPP model for faster development of railways
It is estimated that Rs 50 lakh crores will be needed for railway infrastructure between 2018 and 2030, while capex outlays of Indian Railways are around 1.5 to 1.6 lakh crores per annumRead more
Will interim budget provide impetus to the economy
The interim budget was an attempt to please all sections of the society. While many initiatives were announced in line with the Government’s 10-point dynamic vision to build India of future, execution will be the key.Read more
