Central Railway and Western Railway will run suburban services in Mumbai at the 100 per cent capacity of the pre-pandemic level from October 28, but the existing travel restrictions for the general public will remain unchanged, as per an official release. This decision was taken considering the increased flow of commuters, an official said on […]
Category: Railways
KEC International surges 12% in volatile market on Rs 1,829-cr order win
Shares of KEC International hit a record high of Rs 522.05, after tge shares surged 12 per cent on the BSE in Friday’s intra-day trade, after the company announced that it has secured new orders of Rs 1,829 crore across its various businesses. The stock of engineering, procurement, and construction (EPC) majors surpassed its previous […]
IRCTC plummets 32% from record high after rallying nearly 300% in 6 months
The shares of Indian Railway Catering and Tourism Corporation (IRCTC) tanked over 18 per cent in Wednesday’s intra-day trade to Rs 4,371 on the BSE, compared with its previous close, amid heavy volumes. At close, it was at Rs 4,432.95 – down 17.3 per cent on the BSE. A combined 21-million equity shares changed hands […]
Delhi Metro MD Interview: Mangu Singh on DMRC’s twin challenges
Passenger volumes on the Delhi Metro are still 45 per cent of their pre-COVID level, but what has come as an additional challenge is an adverse arbitration award which could lead to an outgo of over Rs 7,000 crore. Business Standard’s Jyoti Mukul spoke to Delhi Metro Rail Corporation Managing Director Mangu Singh on these […]
IRCTC m-cap tops Rs 1 trillion in intraday trade before settling 16% lower
State-run Indian Railway Catering & Tourism Corp (IRCTC) on Tuesday joined the list, albeit for a while, of select PSUs to have a market capitalisation of more than Rs 1 trillion. The company’s shares hit a record of Rs 6,393 in intra-day trade, valuing the company at Rs 1.02 trillion. The stock, however, settled 16 […]
IRCTC m-cap surpasses Rs 1-trillion; stock zooms 293% in 6 months
Indian Railway Catering and Tourism Corporation (IRCTC) joined the elite club of companies commanding Rs 1-trillion market capitalization (m-cap) on the BSE, after its share price hit a new high of Rs 6,332.25 in the intra-day trade on Tuesday. The shares rallied nearly 8 per cent today and have zoomed 33 per cent in the […]
Railway board shuts down RLDA-RITES-Ircon JV on Sanjeev Sanyal’s advice
The Indian Railways Station Development Corporation (IRSDC), a joint venture between Rail Land Development Authority (RLDA), Rail India Technical and Economic Services (RITES), and Indian Railway Construction (Ircon) is being shut down. RLDA has 50 per cent stake, Ircon has 26 per cent and RITES has 24 per cent. IRSDC was initially a JV between […]
Rail roko agitation: Train services disrupted at 30 locations
Train services were disrupted at 30 places as farmers sat on railway tracks in Haryana, Bihar and Karnataka, demanding arrest and resignation of Union Minister of State for Home Affairs Ajay Misra Teni in connection with the October 3 Lakhimur violence. As per information received from the Northern Railways, farmers were camping on the tracks […]
Delhi Metro launches free WiFi services at Yellow Line metro stations
Commuters of the Delhi Metro can now access the internet using free high-speed WiFi at all its Yellow Line stations, as the DMRC launched the facility on Sunday. The Delhi Metro Rail Corporation in association with a technology consortium is working on introducing this facility inside metro trains (besides the Airport Express Line) also in […]
IRCTC hits new high, zooms 141% since August on announcing stock split plan
Shares of Indian Railway Catering and Tourism Corporation (IRCTC) continued their upward movement in Thursday’s session to scale a new high of Rs 5,593.85 on BSE, following a 13.5 per cent rally in the intra-day trade on the back of heavy volumes. At 01:37 pm, the stock of the state-owned travel support services company was […]
Railways to set up 500 multi-modal cargo terminals under Gati-Shakti scheme
Indian Railways will establish around 500 multi-modal cargo terminals under the PM GATI-SHAKTI programme in a time period of 4-5 years. “PM GATI-SHAKTI multi-modal cargo terminals of railways will be terminals where different modes of transportation will be integrated seamlessly with the railway transportation network. Around 500 multi-modal cargo terminals will be established under the […]
Railway ministry not keen on sharing spectrum with NCR transit system
Railway ministry not keen on sharing spectrum with NCR transit system The railways ministry is not too keen on sharing the premium 700 Mhz spectrum, allotted to it by the Department of Telecommunications for signalling purposes, with a suburban train project coming up in the National Capital Region (NCR). The Union ministry of Housing and […]