KITAKYUSHU (Japan): Nippon Steel Corporation, one of the world’s largest steel producing companies, has said that its exports to India had increased in the past years.Taking to a group of visiting reporters here on Monday, Y. Arita of Nippon Steel Corporation said the company exported steel rails and sheets to India for manufacturing automobiles and electronic generators. “It would not be possible...
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India Railway Men's Federation Chairman Umrawamal Purohit has held railway management along with negligence of railway personnel responsible for rail accidents.Talking top reporters here on Sunday, Mr Purohit said labour organisations were as much concerned about rail accidents as the government or rail passengers. He was making efforts to make railway personnel more aware in this regard.He said several...
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NEW DELHI: Global private equity investment firm Blackstone Group today said it will invest Rs 300 crore in rail logistics solutions provider Gateway Rail Freight Ltd (GRFL) for funding its expansion plans. The deal marks the ninth investment of Blackstone Group in the country in a period of four years and is the second one in the logistics sector. "Infrastructure development is India's highest priority...
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Global private equity investment firm Blackstone Group today said it will invest Rs 300 crore in rail logistics solutions provider Gateway Rail Freight (GRFL) for funding its expansion plans.The deal marks the ninth investment of Blackstone Group in the country in a period of four years and is the second one in the logistics sector."Infrastructure development is India's highest priority for achieving...
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Bahn, who runs railways in Germany have launched their German Rail Pass in four metro cities of India, including Mumbai. The pass holder can travel across Germany in trains.DB Bahn's expansion plans in Asia started with Japan almost five years ago. This year they have decided to reach the Indian market and have chosen destination experts Germantours as their official representatives."India is one of...
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To attract IT investments in the state, Punjab Infotech has entrusted New Delhi-based Consulting Engineering Services (India) Private Ltd to prepare a detailed project report (DPR) to set up IT Parks/SEZ projects in Kapurthala, Ropar and Rail Majra in Punjab. The final draft of the DPR is likely to be submitted very soon after getting feedback from Punjab Infotech and concerned departments involved...
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India’s first (and probably the world’s first) privately funded and operated Metro rail feeder train project, the Gurgaon Metro Rail Link, is set to take off again.Now that the polls are over, the consortium company of ITNL Enso Rail Systems (IERS) and DLF Metro will sign the concession agreement with the Haryana government by the end of this month.The Metro will act as a feeder system for Delhi Metro...
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will be on a two-day visit to the Kashmir valley from tomorrow to inaugurate 18-km-long Anantnag-Qazigund rail link in south Kashmir.Immediately after reaching here from Delhi Dr, Singh will be taken to Anantnag in a helicopter. UPA chairperson Sonia Gandhi and several Union Ministers will accompany the Prime Minister.The Prime Minister is scheduled to make operational India's highest broad guage rail...
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Blackstone Group on Monday said that it will invest Rs 300 crore in Gateway Rail Freight Ltd, a subsidiary of Gateway Distriparks Ltd (GDL), against issue of compulsorily convertible preference shares.These performance led convertibles on conversion after 5 years will have Blackstone hold anywhere between 37.3 per cent to 49.9 per cent in Gateway Rail which values the rail business between Rs 600-800...
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for Urban Development S.Jaipal Reddy Union today said that the Delhi Metro is the proudest achievement of modern India.He further mentioned that the Ministry has taken some important decisions relating to urban transport to help the daily commuters and ease traffic congestion.Reddy was addressing the members of the consultative committee attached to the ministry of Urban Development, here today to...
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