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Wagon makers set for 20% revenue growth this fiscal: CRISIL
With order books standing at 2.3 times the revenue of wagon makers, the sector is expected to operate at 90% capacity this fiscal, up from less than 50% in fiscal 2021. Read more
Indian Railways to use nuclear power for green energy push
IR will need 30,000 MW of renewable capacity by 2029-30 to achieve this goal.Read more
Indian Railways reduces Vande Bharat orders, introduces 24-coach sets
The manufacturing will be handled by Kinet Railway Solutions, a joint venture between India’s RVNL, Russian engineering firm Metrowagonmash, and LES, with a 25:70:5 ownership ratio.Read more
Indian Railways cancels tender for 100 Vande Bharat trains
Despite being the lowest bidder when the tender was opened on May 30, 2023, Alstom's bid did not meet the revised price expectations.Read more
Indian to unveil first hydrogen train by year-end
The government plans to release 50 hydrogen trains by 2047.Read more
Indian Railways to produce 10,000 Non-AC coaches by 2025-26
The expansion is part of IR’s strategy to enhance services and cater to rising demand.Read more
Railways to revise Rs 310 billion wagon procurement plan after MI contract fail
The wagons - which are used for transporting crucial commodities such coal and iron ore on the rail network - were to be supplied at Rs 3.19-3.63 million per unit depending on the specifications issued by the railways.Read more
Titagarh Rail Systems to develop driverless metro trains
A critical supplier to Indian Railways, it currently produces 1,000 wagons a month.Read more
Record-Breaking budget plan for Indian Railways overhaul in 2024-25
The capital expenditure (capex) for the railways is poised for a substantial increase, projected to be around 25% higher than the 2023-24 budget estimates.Read more
Texmaco Rail & Engineering secures Rs 1,374 cr order from Indian Railways
The first tranche of 1,133 wagons is to be delivered by December 31, 2024 while the second tranche of 1,133 wagons is to be delivered by June 30, 2025.Read more