New Delhi: Shares of IRCTC NSE 17.73 % soared as much as 15 per cent during the early trade on Thursday following the division of shares on the bourses. The railway ticketing monopoly traded ex-split on Thursday. The company board of Indian Railway Catering and Tourism Corporation (IRCTC) had approved a stock split in the […]
Category: Railways
Indian Railways’ Buddhist circuit trains to start from January 23
The Indian Railway Catering and Tourism Corporation (IRCTC NSE 16.42 %) has announced a Bharat darshan Special tourist train that will cover four Buddhist destinations which will commence from January 23, 2022, to January 30, 2022. Tourists opting for the seven nights/eight days package will be able to board and deboard the train from Akola […]
PSUs to compete with private firms in open market for rail contracts following Railway Board’s new order
The Railway Board has issued an order that will now make public sector companies, including those under the national transporter, compete with the private sector in the open market for rail contracts. The order on Tuesday, in effect, takes away a level of protection the PSUs enjoyed under a policy formed in 2019 which gave […]
IRCTC tanks 38% from 52-week high. Should you buy the dip?
New Delhi: Shares of Indian Railway Catering and Tourism Corporation (IRCTC NSE 7.03 %) resumed their downward journey as they tanked as much as 14 per cent to Rs 3960.05 in Monday’s session. With today’s fall, the stock of the Indian Railway ticketing monopoly has tumbled nearly 38 per cent from the recent 52-week high […]
IRCTC sheds its all-time high gains
Mumbai: Indian Railway Catering and Tourism Corporation (IRCTC NSE 7.03 %) – one of Dalal Street’s favourite stock picks in recent months – is witnessing a dramatic reversal of fortunes on the bourses. The online railway ticketing platform’s shares slumped 13% to Rs 4,024.65 on Monday, extending the week-long losing run that has eroded 37% […]
Railways to operate Mumbai local train services at pre-pandemic level from Oct 28; travel restrictions unchanged
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 […]
Goods train derails in Chhattisgarh, affects passenger rail traffic movement
Eight wagons of a goods train derailed near Surajpur in Chhattisgarh on Sunday, affecting the movement of passenger rail traffic on the route, a railway official said. No casualty was reported in the incident, which took place at 2.54 am near Kamalpur railway station on Ambikapur-Anuppur railway route. Anuppur is located in neighbouring Madhya Pradesh.
Kolkata Metro bids adieu to non-AC rakes
The Metro Railway, Kolkata, on Sunday formally bade farewell to non-AC rakes, some of which have been in service since its inception as the country’s first underground railway in 1984. The Kolkata Metro, which started operations on this day in 1984, organised an exhibition ‘Down the Memory Lane’ at Mahanayak Uttam Kumar station to mark […]
Coal shortage: Railways ramps up coal rakes to augment supply to powerhouses
Amidst coal shortage at thermal power plants, Indian Railways has ramped up the number of coal rakes carrying the dry fuel across the country from 435 rakes per day in the end of September to 487 rakes daily as of Friday, October 22, according to data accessed by PTI. The national transporter has also issued […]
Railways contributed massively to vaccination programmes: Ashwini Vaishnaw
As India completes the administration of 100 crore COVID-19 vaccine doses, Union Railway Minister Ashwini Vaishnaw on Thursday highlighted the contribution of Indian Railways to the nationwide vaccination program. “Railways contributed massively to this country-wide vaccination programme via utilisation of railway hospitals and logistical support,” he said.
Railway Board shuts down IRSDC
In continuation with its efforts to rightsize the Railways, the Railway Board has issued an order closing down the Indian Railway Stations Development Corporation (IRSDC) that was set up for the redevelopment of stations across the country. This is the second organisation under the Railway Ministry to be shut down after the closure of the […]
Pipavav Rail Corp begins independent container train operation in India
Pipavav Rail Corporation Ltd (PRCL) has commenced its independent container train operation in India with the launch of a direct container train service to Jodhpur Inland Container Depot (ICD) on the electrified route, according to a statement by APM Terminals Pipavav. To ensure faster delivery of cargo and return of containers, Pipavav Rail Corporation Ltd […]