JV between railways’ construction arm, Gujarat-based firm frontrunner to bag project linked to bullet train

A joint venture of the railways’ construction arm IRCON and Gujarat-based infra firm Dineshchandra has emerged as the lowest bidder and frontrunner to bag a bid for the design and construction of 18 km of viaduct and high-speed stations at Ahmedabad and Sabarmati for the Mumbai-Ahmedabad High Speed Rail Corridor. In a statement on Monday, […]

IISc-incubated startup L2MRail, SID, IISc sign MoU with Kerala Rail

Thiruvananthapuram: The Indian Institute of Science (IISc), Bangalore, IISc-incubated startup L2MRail and the Society for Innovation and Development (SID) have signed an MoU with Kerala Rail aimed at enhancing rail safety, especially in vulnerable terrains. The L2M Rail team and IISc have pioneered Fibre Bragg Grating sensing technology, to develop a Structural Health Monitoring System […]

Railways operates its first AC parcel train using passenger coaches

The Railways operated its first air-conditioned parcel train on Friday using passenger coaches to carry refrigerated cargo of chocolates and snacks, officials said. The parcel train was operated by the Northern Railways from Sanehwal in Ferozpur division to Yeshwantpur in South-Western Railway, they said. This is for the first time that AC passenger-carrying conventional ICF […]

AIIB grants USD 356.67 mn loan for Chennai Metro; bank’s total India funding rises to USD 6.7 bn

The Beijing-based Asian Infrastructure Investment Bank (AIIB) has approved a USD 356.67 million loan for the expansion of the Chennai metro rail system, taking the bank’s financing for various projects in India to USD 6.7 billion, making the country its largest beneficiary. Launched in 2016, the AIIB is a multilateral development bank that aims to […]