JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
The Union Cabinet chaired by Prime Minister Narendra Modi has approved six railway projects worth ₹12,343 crore, intends to boost the Indian Railways network by 1,020 kilometers across six states: Rajasthan, Assam, Telangana, Gujarat, Andhra Pradesh, and Nagaland.
These projects, fully funded by the central government are expected to create employment opportunities equivalent to three crore man-days, signaling a significant push towards infrastructural development and economic growth in the region.
Under the PM-Gati Shakti National Master plan for multi-modal connectivity, these initiatives are set to address congestion and operational challenges on some of the busiest rail sections, facilitating smoother movement of people, goods, and services. The projects will impact 18 districts and are in line with the government's vision to make the population self-reliant by enhancing employment and self-employment opportunities through comprehensive regional development.
The approved projects include key sections like Ajmer-Chanderiya and Jaipur-Sawai Madhopur in Rajasthan; Luni-Samdari-Bhildi in Gujarat and Rajasthan; Agthori-Kamakhya in Assam with a new rail-cum-road bridge; Lumding-Furkating in Assam and Nagaland; and Motumari- Vishnupuram, including a Rail over Rail bridge, in Telangana and Andhra Pradesh.
These infrastructural enhancements are designed to boost the transportation of essential commodities such as food grains, fertilizers, coal, and cement, with an anticipated increase in freight traffic of 87 million tonnes per annum. The focus on railways, an environmentally friendly and energy-efficient mode of transportation, aligns with the country's climate goals and efforts to reduce logistics costs, oil imports, and CO2 emissions.
Also Read : Tata Steel Calls for Steel Capacity Expansion Amid Rising Demand Govt focus on capital expenditures enhanced highway construction pace
India's mining industry dropped iron ore exports by 53% in March 2024 compared to the previous month...
Ferrous 12-Apr-2024
Oil prices rose for a second day, boosted by hopes of increased demand in the US, the world's larges...
US 22-Feb-2024
The inaugural edition of the International Conference of Petroleum and Natural Gas Regulators was he...
Press Releases 14-Feb-2024
Adani Energy Solutions Ltd is seeking a credit facility for as much as $600 million to fund smart me...
Large Corporate 29-Mar-2024
India installed 20.8 GW of solar modules and 3.2 GW of cell manufacturing capacity in 2023, accordin...
Renewables 02-Apr-2024
United States Steel, now part of Nippon Steel, announced a multi-year growth program targeting about...
Construction 06-Nov-2025