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India has proposed to Japan that it is keen to manufacture and export the bullet train coaches which could bring down the cost of operating the Shinkansen trains in the country, a senior official of the Indian Railways said. India is building the country’s first high speed rail corridor between Mumbai to Ahmedabad which is […]

Delhi International Airport (DIAL) has plans to invest about Rs 9,000 crore in the second phase of capacity expansion, which is set to concluide by 2022. Officials, however, did not reveal how the money was to be raised, though they indicated that a large portion will be either from banks or via debt instruments. The […]

India will become the world’s third largest aviation market around 2024 surpassing the United Kingdom, global airlines’ body IATA said as it projected total air passenger numbers to touch 8.2 billion in 2037. Releasing the latest update to IATA’s 20-year Air Passenger Forecast, the grouping also cautioned that growth prospects for air transport and the […]

Full service carrier Vistara, which is preparing to fly overseas, has received Rs 2,000 crore from Tata Sons and Singapore Airlines, according to a regulatory filing. The airline, majority-owned by Tatas, commenced operations more than three years ago and currently has a fleet of 22 planes. On October 12, the board of Vistara approved allotment […]

Country’s largest container port JNPT is mulling to acquire three ports in Maharashtra, as it targets to more than double its profits. The Jawaharlal Nehru Port Trust (JNPT) is also going ahead with its efforts to develop an offshore port at Wadhawan, north of the financial capital. Union Shipping and Ports Minister Nitin Gadkari told […]

Swiss power major ABB said it has won an order worth Rs 115 crore from Indian Railways to supply traction transformers.The contract has been awarded by Diesel Locomotive Works, Varanasi, ABB said in a statement. These transformers are customized for the WAP-7 type electric locomotive. The 6,000 horsepower capacity locomotive is capable of hauling 24 […]

Adding to its project portfolio in the rail sector of the country, RITES has recently managed to secure an additional work of Rs.294.67 crore from Ministry of Railways for doubling of Dharmavaram Penukunda rail track lines (41.5 Kms) in South Western Railways. Elaborating that prior to this, RITES was awarded doubling of similar work contract […]

Mumbai Metro Rail Corporation Limited (MMRCL) has awarded French multinational Alstom a contract worth around EUR 315 million to supply 248 wagons for Line 3, the company said Tuesday. Mumbai Metro Line 3 is a 33.5-km long underground stretch connecting the busiest and congested regions in Mumbai – one of the fastest growing cities in […]

Central government intends to purchase 18 bullet train sets from Japan at a total cost of around Rs 7,000 crore. Apart from this, the deal also envisages to transfer technology for local production. Country’s 1st bullet train is likely to start running between Mumbai and Ahmedabad by the end of 2022. The 508 km high-speed […]