Newsletter for April 2017.(Rail Analysis India)

News Update
Indian Railways to spend Rs 10,000 crore for Rail Track renewal
New Delhi: Railway Minister Suresh Prabhu said that the Indian Railways (IR) will spend about Rs 10,000 crore (approx US$ 1,543.1 Million) for renewal of tracks & adopt latest technology to detect rail fracture to reduce the accident rate to zero level. The Railways will .. Read More
JICA extends ‘Official Development Assistance Loan’ of Rs 2,000 crore for Chennai Metro
Chennai: JICA (Japan International Cooperation Agency) has extended Official Development Assistance Loan (ODA) of 33,321 million Japanese Yen (approx Rs 2,000 crore) to the Chennai Metro Rail Limited (CMRL) for building of…. Read More
Mumbai Metro: MMRDA allocates Rs 3,210 crore for Seven Metro rail projects
Mumbai: The MMRDA (Mumbai Metropolitan Region Development Authority), has allocated Rs 3,210 crore (approx US$ 494.3 Million) for the 7 metro rail projects out of its budget of Rs 6,976 crore (approx US$ 1,074.3 Million) for…. Read More
BEML wins Rs 1,421 crore order from Bangalore metro
Bangalore: BEML, a defence public sector undertaking, has bagged a Rs. 1,421-crore order from Bangalore Metro Rail Corporation Ltd (BMRCL) for the supply of 150 sets of intermediate metro cars to augment the existing 3-car trains supplied by BEML to 6-car trains … Read More
Rs 36,480 crore to boost Odisha railway network
Bhubaneswar: Rs 36,480 crore is being pumped in to expand the rail network in Odisha to tap the state’s vast tourism potential and abundant mineral & natural resources, said Suresh Prabhu, Railway Minister. The Centre is focusing on…. Read More
Railways Agrees to Continue to Buy electricity from RGPPL for 5 year
New Delhi: Indian Railways (IR) has agreed to continue electricity purchase from Ratnagiri Gas & Power Pvt Ltd (RGPPL), commonly known as Dabhol project, for a period of 5 years beginning April 1, Parliament was informed. Power Minister Piyush Goyal said in a written reply to… Read More
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