Transportation

After abolishing border checkposts, the government is working on unclogging toll gates to speed up freight transportation. Movement of freight by road has become faster with the removal of border checkposts as part of the goods and services tax (GST) rollout exercise. Goods-laden trucks now log an average 325 km every day compared with 200 […]

IDFC and Shriram groups are in talks to combine all or some of their businesses in a mega union that could straddle traditional banking, consumer lending and truck financing, apart from providing billionaire Ajay Piramal an entry into a highly regulated industry. The board of Shriram Capital, the holding company for the consumer lending arm […]

Indian conglomerate Shriram Group’s engineering business unit, Shriram EPC (SEPC) has forayed into the transportation industry. The company has secured a maiden project worth Rs 71 crore from the Arulmigu Dandayuthapani temple located at Palani in Tamil Nadu.The scope of work includes design, manufacture, supply, erection, testing, commissioning, operating and maintenance of the second ropeway […]

In the backdrop of the ongoing visit of Prime Minister Narendra Modi to Israel, Saroj Poddar-led Adventz Group has signed a $2 billion-plus memorandum of understanding (MoU) with Israel’s Lesico group for collaboration in the light rail transit (LRT) projects in Tel Aviv and Jerusalem. According to the MoU signed, Texmaco Rail & Engineering Limited, […]

In an attempt to promote and encourage clean energy, the Delhi Metro Rail Corporation plans to meet nearly a sixth of its power requirements from solar energy. The corporation’s electricity consumption is expected to touch 300 MW in the next five years. DMRC currently consumes 140 MW of electricity of which 17 MW comes from […]

In an attempt to promote and encourage clean energy, the Delhi Metro Rail Corporation plans to meet nearly a sixth of its power requirements from solar energy. The corporation’s electricity consumption is expected to touch 300 MW in the next five years. DMRC currently consumes 140 MW of electricity of which 17 MW comes from […]

Niti Aayog has given its approval for a project worth Rs 18,000 crore to increase train speeds on the Delhi-Mumbai and Delhi-Howrah rail corridors. The 1,483 km long New Delhi-Mumbai rail route will also include the Baroda-Ahmedabad sector, and is estimated to cost Rs 11,189 crore. The 1,525 km long New Delhi-Howrah route, which also […]

The government is planning to open Jan Aushadhi stores at railway stations railway stations and other railway establishments for providing generic drugs to consumers. To discuss in detail the plan to open such stores across the country, Ananth Kumar, Minister for Chemicals & Fertilizers, met Railway Minster Suresh Prabhu last week. Assuring firm support to […]

Tata Realty, Shapoorji Pallonji, IL&FS, Reliance Infrastructure, Raheja Group, and Essel Infra have evinced interest to modernize Mumbai’s railway stations. Major railways stations in Mumbai which will be modernized include Bandra Terminus, Mumbai Central, Lokmanya Tilak Terminus, Borivali and Thane.The project, estimated to cost Rs 10,000 crore, will be awarded under the Swiss Challenge method. […]

The island city could get its first cable-stayed rail overbridge (ROB) at Mahalaxmi. The proposed bridge may start from the lane parallel to New Shirin Talkies at Jacob Circle (Saat Rasta) to Dr E Moses Road near the racecourse. The plan for the bridge, which would run over the railway line, is currently awaiting sanction […]