RAILWAY EQUIPMENTS
Long-distance trains rescheduled amid rains; services restored on Kalyan-Kasara route: Central Railway
Due to waterlogging caused by heavy rains between Kalyan and Kasara stations on Sunday, several long-distance trains including the 16345 LTT-Thiruvananthapuram Express, 12289 CSMT-Nagpur Duronto Express, and 12145 LTT-Puri SF Express were diverted, rescheduled, or short-terminated. Services were disrupted on the stretch restored with restricted speed following soil and tree blockages earlier. This impacted the CR's vital suburban network servicing over 30 lakh daily commuters.
TVS Mobility arm acquires Italy-based automotive components supplier
TVS Mobility's subsidiary, SI Air Springs, has acquired Roberto Nuti Group to enhance its global market position and product range. The acquisition will enable them to leverage their distinctive skills and expertise in suspension systems, fostering significant international growth potential.
Railways: Why Kavach, which could've prevented Kanchanjunga accident, is taking so long to be installed
Kavach: The basic reason why the installation of this technology is taking time is because deploying it is a complex process, particularly because it has to be installed on existing networks without disrupting train schedules.
Kavach implementation progressing rapidly on 3,000 km routes: Railways
The Railway Ministry faced criticism for delays in implementing the Automatic Train Protection System, Kavach, developed by RDSO. The Agra division has successfully implemented Kavach on an 80-km stretch for trials. Jaya Verma Sinha and railway officials inspected a Kavach trial in Vande Bharat train. The system aims to prevent accidents by automatically applying brakes in emergencies.
Kanchanjungha Express Train Accident: Why was Kavach missing? Another disaster brings focus back to anti-collision system
Kanchanjungha Express Train Accident: A goods train collided with the Kanchanjungha Express collided near New Jalpaiguri, resulting in several deaths and over 60 injuries. The incident highlighted the absence of the railway's anti-collision system, "Kavach," designed to prevent such accidents. Developed by Indian Railways, Kavach aids in avoiding signal breaches and speeding, enhancing safety during adverse weather. Implementation challenges remain as Railways aims to cover 70,000 km with Kavach.
FY24 threw 12 multibagger stock ideas with consistent earnings growth. Which ones to chase?
FY24 featured 12 multibagger stocks with consistent earnings growth in sectors like autos, capital goods, PSUs, power, and infra sectors. Experts shared valuable insights for investors looking to capitalize on market opportunities.
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Ashwini Vaishnaw tells rail officials to take immediate steps to resolve overcrowding in trains
"A detailed discussion on all issues related to passenger safety and amenities took place. The special focus of the meeting was on ways to improve services as well as punctuality of trains and avoid overcrowding by identifying busy routes and introducing special trains on them," a senior railway official, who attended the meeting, said.
Minister & Policy Continuity: Will it lead to re-rating getting sustained ? 7 stocks of railway’s ecosystem.
While it became clear on the day of the election result only that the same government is going to continue. Some doubts were raised as to whether there would be a shift in policy focus. A part of the answer has come in the form of portfolio allocation. Some of the key sectors which mattered to the street because they had seen a re-rating and valuations are high, the continuation with the same minister is an indication that government is clearly focussed on continuation not only with a policy focus but it also does not want to waste time in getting a new minister and spending time in him/ her understanding the core work. Now this should bring relief to some companies as their projected plans and workflow will continue. Which means that expected growth which the market has put in its estimates of earning has a high probability of continuing.
Kolkata Metro to get battery power for moving stranded train
Kolkata's Metro Railway is installing a Battery Energy Storage System in the Dakshineswar-New Garia corridor to move trains during power outages, enhancing safety and energy efficiency.
KPI Green Engineering bags orders worth Rs 351 cr
KPI Green Engineering secures Rs 351.35 crore orders for railway track fencing crash barriers, solar projects, and electricity transmission line towers.
Balasore accident anniversary: Train mishap deja vu strikes again as two goods trains collide in Punjab
Exactly one year ago, on June 2, 2023, the Howrah-bound Coromandel Express met with a tragic accident in Balasore district, Odisha. The collision with a stationary goods train caused severe damage, derailing most of its coaches. Shockingly, during the chaos, some of the Coromandel Express's coaches toppled onto the Bengaluru-Howrah Superfast Express, compounding the incident.
Goods train derails near Mumbai, railway operations affected
A goods train derailed at the Palghar railway station. Several trains have been cancelled or rescheduled by the Western Railway. This has affected Mumbai-bound trains from Gujarat. No casualties were reported from the incident where seven wagons derailed. There was significant damage to tracks and overhead equipment. Restoration work is ongoing with a team of 250 laborers and heavy machinery deployed.
First section of Varanasi ropeway to be ready by August 2024
India's first urban ropeway project, the Varanasi Ropeway Project, is set to complete a section linking Varanasi Cantonment Railway Station to RathYatra by August 2024, under the National Ropeways Development Programme, 'Parvatmala Pariyojana'.
Shyam Metalics expands rail infrastructure at its steel plant in Odisha
Shyam Metalics and Energy Limited (SMEL) has expanded its rail infrastructure at its integrated steel plant in Pandloi, near Rengali, Odisha. The expansion, completed in 2023, doubled the number of dedicated railway lines to four, including a lead line, three branch lines, and an engine escape line. The plant now handles over 110 rakes per month, but can only manage 60% of the increased demand for raw materials and finished goods.
West Bengal braces for Remal, flights and trains cancelled
Severe cyclonic storm 'Remal' is likely to make landfall between Bangladesh's Khepupara and West Bengal's Sagar Island by midnight Sunday with maximum sustained wind speed of 110-120 km per hour, gusting to 135 kmph, the India Meteorological Department said.
Telecom infrastructure sharing may spur gear sharing too, experts say
The current scenario could change with Telecom Regulatory Authority of India (Trai) recommending creating a separate category under the unified license for Digital Connectivity Infrastructure Provider (DCIP) authorisation. "...the proposed DCIP authorisation holder may create both active and passive digital connectivity infrastructure and share it with other TSPs and has to pay no license fee to the government," Trai said in its recommendations last month.
Railways stocks: Stay bullish, just hedge a bit to avoid mistake of selling in haste: 7 outperforming railways stocks across different segments
Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which are sitting with big gains and are dependent on government policy push. Railways was among the last sectors to get re-rated due to the policy focus. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches, all of them have done extremely well. Given the fact the railways is likely to be the focus area, the long term story remains intact. Only thing is that one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate and the sector has a long runway.
All aboard the moon train: NASA's futuristic transport system revealed
NASA has unveiled plans for the first lunar railway system, vital for sustainable lunar bases envisioned by the 2030s. The system, part of the Moon to Mars initiative, features FLOAT (Flexible Levitation on a Track) technology. FLOAT employs magnetic robots gliding on a three-layered flexible film track, minimizing dust abrasion. Phase 2 involves testing prototypes in lunar-analogue environments, addressing technology gaps, and ensuring long-term operation for human exploration activities on the Moon.
After billboard collapse, BMC to take down remaining hoardings on GRP land
BMC to remove hoardings at Chheda Nagar after 14 deaths at Ghatkopar petrol pump; case filed against M/s Ego Media Private Limited; hoardings on Eastern Express Highway; BMC lacks demolition equipment.
Delhi hospitals receive bomb threat; search ops underway
Delhi Hospitals Bomb Threat: Top hospitals in Delhi, including Deep Chand Bandhu, GTB, and Dada Dev, faced bomb threats via emails. Authorities suspect group 'Court' behind threats to 20 hospitals, IGI Airport, and Northern Railways. Despite extensive searches, no explosives found. Security heightened, investigations ongoing. Public urged to remain vigilant.
China is raising bullet train fares as debts and costs balloon
China raises bullet train fares to address rising costs and debts, impacting public services, state-owned enterprises, and international trade. The country shifts focus to high-tech manufacturing amid concerns over debt sustainability and global competition.
4 PSU stocks which are gig beneficiaries of the government focus on power, railways & infrastructure projects
What should a company which is lending both for short and long term but only to a particular sector be called. A “sectoral lender” or “term lending institution”. The obvious answer would be a sectoral lender. But the fact is that these are term lending institutions which come with its own advantages and disadvantages. The word “term lending institution” is not a word which many on the street would know or remember because this word was used a couple of decades back when ICICI, IDBI were not banks but term lending institutions. The difference between today’s PFC and IRFC of the world and old timer ICICI is that the PFC and IRFC are focussed in lending to a sector, whereas in old days, ICICI used to lend to different sectors. Another big difference is that PFC and REC have lower cost of capital as compared to term lenders like in the old days. Because some of these PSU lenders have come into public space recently, even analysts seem to be getting on the wrong foot by being less than optimistic.
RITES to undertake safety assessment of Vande Bharat trains
With this contract, RITES, the only ISA-certified central public sector enterprise, has ventured into a new business stream and it said it is committed to advancing ISA works by leveraging its expertise in the Quality Assurance segment.
First Vande Bharat Metro train set rolls out: Watch first-look video here
A milestone achievement occurred as Punjab's Kapurthala factory unveiled the inaugural Vande Bharat Metro coaches, heralding a new era in Indian rail development. Scheduled for July testing, these trains promise efficient travel with a 100-250 km range and expandable configuration. Initial plans envision 50 trains, adaptable to 400, aimed at connecting major cities. Further innovations include sleeper variants and increased speeds, signaling a transformative shift in Indian rail infrastructure.
Here's why Sridhar Sivaram is bullish on power sector
So, what will happen is the entire ecosystem will benefit. One will have to investigate which one does well. But I think if we are going to add so much capacity, it takes me back to 2003 to 2007 period, when this entire ecosystem did very well.
Big beneficiaries of government focus on sectors like power & railways: 4 PSU stocks with focus on sectoral lending
One segment where upward movement in stocks has been seen with much more skepticism than any other sector has been the government owned “term lending institutions” or what is commonly referred to as sector specific lenders like REC, PFC. There are multiple reasons for this skepticism, right from the fact that these stocks have either been market underperformers or at best market performers in some phases. So, when they move upward sharply, questions are bound to come. But is the historical bias against PSU making one overlook the underlying changes which a cleaner sectoral growth can bring to?
Rs 6.85 cr 'irregular' payment by Railways to foreign supplier: Parliament panel
A Public Accounts Committee (PAC) report disclosed that Banaras Locomotive Works (BLW) of Indian Railways bought equipment for discontinued diesel locomotives, worth Rs 6.85 crore, from a foreign vendor in 2017. The report highlights the vendor's delayed delivery and BLW's decision to accept the equipment at a 36% discount, despite initially rejecting it. The purchase was questioned due to the cessation of diesel locomotive production and discrepancies in the assessment of spare parts requirements.
Gainwell Group acquires TIL Limited, invest Rs 1000 crore for expansion
Gainwell, the Kolkata-headquartered capital goods manufacturer with presence in the mining, construction, energy, defence, railways, and heavy equipment sectors, plans to invest Rs 1,000 crore over the next three years with an aim to become a $1-billion company by 2028, a senior company executive said.
Railways records higher equipment failures in Q1
The Indian Railways has reported an increase in equipment failures during Q1 of this financial year. The national transporter recorded over 16,000 instances of signal equipment failures during April-June 2023, marking an increase of 8.8% YoY. However, electric and diesel locomotives and engineering showed a decrease in failures compared to last year.
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