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Govt to divest 12.72% in RITES next month; plans to mop up Rs 4-4.5 billion New Delhi: Government of India is planning to sell at least 12.72 per cent of its stake in RITES and raise Rs 4-4.5 billion (US$ 58.74-66.09 million) through listing of the company....

Business Standard May 22, 2018

Railway records highest ever passenger earnings at ~490 bn New Delhi: The Indian Railways recorded year-on-year increase in passenger earnings at a growth rate of 4.2 per cent amounting to Rs 490 billion (US$ 7.47 billion) in 2017-18 from Rs 470 billion (US$ 7.16 billion) in 2016-17....

Business Standard April 18, 2018

Indian Railways inducts New Machine 09-3x Dynamic Tamping Express for improved Mechanised Track Maintenance New Delhi: The Ministry of Indian Railways announced addition of 09-3X Dynamic Tamping Express a Rs 27 crore (US$ 4.15 million) integrated track maintenance machine manufactured under the Make in India initiative....

Press Information Bureau April 09, 2018

Govt to conduct reverse e-auction for railway tenders from 2018-19 New Delhi: Indian Railways is planning to do reverse e-auctions for supply tenders above Rs 10 crore (US$ 1.54 million) and service and work orders of more than Rs 50 crore (US$ 7.68 million) starting from 2018-19, according to the draft policy that ...

Livemint March 09, 2018

'SRIJAN' (Station Rejuvenation Initiative through Joint ActioN), an idea competition for 635 Station Development on Indian Railways, has been launched at MyGov portal New Delhi: The Indian Railway Stations Development Corporation Limited (IRSDC) has launched an idea competition called ‘SRIJAN’ (Station Rejuvenation through Joint ActioN) for redevelopment of 635 railway stations, on MyGov portal since F...

HT Business February 27, 2018
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