Tagged with: budget 2011 india
• finance department
• indian railways
• railway budget 2011
• railways budget 2011-2012
The text of the Railway Minister, Ms Mamata Banerjee, can be found here in pdf format , We have also given some highlights also.This year Railway Budget really spared Rail commuters and freight users from rate hikes , Ms Mamata Banerjee’s latest Railway Budget, which comes just a couple of months before Assembly elections in her home State of West Bengal.
Railway Budget 2011-2012 – Highlights - Download the Speech Here
1 No fare hike for passengers
2 Karmabhoomi special trains for those travelling on work
3 Matribhoomi special trains for women
4 Bharatpeeth train in the name of Rabindranath Tagore will travel to 16 destinationsacross India
5 Railways to set up Rabindra Museum in Howrah and Geetanjali Museum in Bolpur — both in West Bengal – to commemorate Rabindranath Tagore’s 125th birth anniversary
6 Railways to develop ten automobile hubs
7 Railway exam in regional languages also
8 Allocation for construction of new lines increased from Rs 2848 crore to Rs 4411 crore
9 Extension of Kolkata Metro on priority
10 Survey will be conducted to connect Sealdah and Howrah stations in West Bengal
11 Insurance for railway employees
12 Revenue from non-core business of Railways to go up from Rs 150 crore to Rs 1,000 crore
13 Despite slowdown, Railways to exceed freight loading target by eight million tonnes during 2009-10
14 Freight loading target for 2010-11 fixed at 944 million tonnes, 54 million tonnes more than the current year’s revised target.
15 Gross traffic receipt for 2010-11 pegged at Rs 94,765 crore
16 Chittaranjan Locomotive Works capacity to be augmented from 200 to 275 engines a year
17 Railways spending seen at Rs 87100 crore in 2011
18 Achieve 1000 km electrification in 2011
19 54 new trains this year (Read: List of trains)
20 High-speed dedicated passenger corridors to be constructed
21 National High Speed Rail Authority to be set up
22 Free travel in AC three-tier and sleeper class for cancer patients going for treatment
23 Centre for Railway Research to be set up at IIT-Kharagpur
24 Total gross earnings at Rs 88281 crore
25 Railways to have master plan for North Eastern region
26 Funding for all metro projects raised by 55%
27 To start rail link to Bangladesh
28 No forcible acquisition of land for freight corridor project
29 To sign agreement with Japanese company for Western Freight Corridor
30 Freight on food grain, kerosene cut by Rs 100 per wagon
31 Railways have earned net profit of Rs 1,328 crore
32 Integral Coach Factory in Chennai to be modernised and a new unit to be set up there.
33 To set up more freight corridors
34 Upgradation of 94 stations, modern toilets at Railway stations
35 Special women RPF battalions
36 Women’s wing to be formed in RPF to ensure security of women
37 If land is available, Railways willing to set up a Diesel Multiple Unit factory in West Bengal
38 Mobile e-ticketing centres at hospitals, universities, courts, IITs, IIMs
39 Private operators can run special freight trains
40 Dividend to state exchequer Rs 6608 crore in 2011
41 Wagon Repair Shop to be set up in Badnera near Amravati in Maharashtra
42 Railways to start work on Rae Bareilly coach factory in the next one year
43 101 new suburban trains in Mumbai
44 Service Charge on AC class cut to Rs 20 as against Rs 40 earlier
45 Service charge on sleeper class reduced to Rs 10
46 Railways to set up multi-functional hospitals
47 Houses for all Railways employees in the next 10 years
48 Not to increase freight tariff
49 More jobs for sportsman in railways
50 Railways will be the lead partner in the Commonwealth Games in Delhi
51 Special trains for Commonwealth Games
52 Vision 2020 model to formulate strategy for next 10 years
53 Out of 120 new trains, 117 to be launched by March 31
54 For cheap drinking water, plan to start 6 bottling plants
55 Allocated Rs 1,300 crore for passenger amenities
56 Plan to raise Rs 10,000-20,000 crore in the next one year
57 To earn revenues, Railways need to set up a business model
58 Larger section of population to get connectivity over next 5 years
59 Targeting 1000 km new tracks every year
60 All 13,000 unmanned level crossings to be manned in the next five years
61 Policies to be made easy, investor-friendly
62 Special Task Force to clear proposals for investments in 100 days
63 Focus on medium term goals, planning and funds
64 Commitments fulfilled to the maximum. Out of 120 trains announced in last budget, only three remain to be flagged off because of lack of broad-gauge lines
65 Our objective is to unite the country through rail connectivity
66 Social responsibility priority in my railway budget
67 Time to build partnership with private players
Railway Budget Highlights 2011-2012 – Download here.
Tagged with: prathiba industries
• Prathiba Industries order news
Prathiba Industries has secured a contract for construction of depot cum workshop at mansarovar on east corridor for Stage 1 of Jaipur Metro from DMRC.The project is a join venture with Aparna construction and Estate Private limited.Total value of the contract is 104.97 crores.
Tagged with: Larsen & Toubro stock rate
• larsen toubro
• larsen toubro order news
Larsen & Toubro informed the market today that the The Railway Business Unit of Larsen & Toubro (L&T) has bagged orders aggregating Rs. 1103 crore from various power plant developers for the construction of Merry-Go-Round Systems and construction of dedicated railway lines to link power plant sites to the main line rail network.
> Rs. 365 crore order from Maithon Power Ltd, a JV of Tata Power and Damodar Valley Corporation, for construction of a 21 km dedicated rail link to their power plant at Maithon in Tharkhand.
> Nabba Power Ltd, a wholly owned subsidiary of L&T Power Development Ltd., has placed an order valued at Rs. 270 crore for construction of a 13 kin dedicated, double-track electrified rail link to its power plant at Rajpura in Punjab.
> EALCO has awarded L&T a Rs. 151 crore order for augmenting and strengthening its existing railway facilities at Korba in Chhattisgarh.
> L&T’s Railway Business Unit has also secured orders worth Rs. 317 crore from Sterlite Energy Ltd for further enhancement of its dedicated railway facilities that are already under implementation at Jharsuguda in Orissa.
Tagged with: Steel Strips Wheels
• Steel Strips Wheels order news
Steel Strips Wheels company sawa very good growth in the December 2010 compared to December 2009 , which means there will be good result from them for the Qtr endiong december 2010.
>They achieved highest ever production of 9.02 lacs Steel wheel rims during December,2010 as against 6.76 lacs during December, 2009 recording a growth of 33.5%.
>Also they have achieved the Export Sales of 84052 wheel rims during the month of December, 2010 as against 48221 wheel rims during the month of December,2009, recording a growth of 74.3%.
Tagged with: order news
• Steel Strips Wheels
Steel Strips Wheels Ltd has informed the market that they have been awarded yet another business by leading suppliers based in Germany catering to the European after market. These orders are repeat. First order is appx 5,000 wheels with a foreign exchange earning of nearly Euros 55,000. SSWL is pretty confident of getting repeat business from this organisation.
Tagged with: hcc
• Hindustan Construction
• order news
Hindustan Construction Company Ltd has informed the market that the company has bagged orders as part of the consortium between HCC-CPPL- JV i.e. Hindustan Construction Co. Ltd (HCC) and Coastal Projects Pvt. Ltd (CPP) , the award has been bagged from North Frontier Railway, Maligaon, Guwahati for for Design and Construction of Single Tunnel No.1 (App. Total Length 3250 RM) at km 15.880 to km 19.500 in between Dholakal and Kalmal in connection with construction of New Railway Line Project – Jinbam – Tupul (Imphal) from North Frontier Railway, Maligaon, Guwahati.
Order value of the contract is 197.06 Crore.Total order value of 60 percent in it which is 118.24 will go to HCC,The project execution time is 24 months.
Tagged with: Budget
• budget 2010
• railway budget
• railway budget 2010
Railway Budget 2010-2011 Highlights
>No hike in freight and passenger fare.
>New Janmabhoomi train between Ahmedabad and Udhampur
>Concession for children of accredited journalists up to 18 years.
>Free journey for cancer patients in sleeper and 3AC; 75 p.c. concession for companion
>Concession of Rs 100 on freight rates of food grains for domestic use, kerosene, fertlizer
>Survey will be conducted to connect Sealdah and Howrah stations in West Bengal
>Karmaboomi train for working class
>Bharatt threeth train to commomorate Rabindranath Tagore’s birth 150th anniversary.
>Matribhumi special trains for women
>Andaman and Nicobar Islands to get railway line from Port Blair to Diglipur
>Velachery-St.Thomas Mount MRTS link by 2012
>New suburban trains for Chennai
>Stations to be named after Bhagat Singh, Mother Teresa, Tipu Sultan, Bahadur Shah Zafar
>RPF to have women battalion
>Railways to have master plan for North Eastern region
>Insurance facilities for licensed porters as part of railway’s corporate social responsibility
>Kashmir role link to be extended to Sopore
>Rs 1,302 crore provided for passenger amenities
>Freight loading target for 2010—11 fixed at 944 million tonnes
>Several new lines announced.
>New train service to Dhaka, Bangladesh from Agartala.
>Gross traffic receipt for 2010—11 pegged at Rs 94,765 crore
>High—speed dedicated passenger corridors to be constructed
>Revenue from non—core business of Railways to go up from Rs 150 crore to Rs 1,000 crore
>Wagon Repair Shop to be set up in Badnera near Amravati in Maharashtra
>Railways saved Rs 2,000 cr from austerity drive
>10 more Duranto trains announced
>Service charge on AC fares cut to Rs 20
>101 new suburban trains for Mumbai
>Dedicated corridors will be implemented on time
>Land acquisition: One member from the family would be given employment in Railways
>Railways earned net profit of Rs. 1348 crores.
>Railways will be the lead partner in the Commonwealth Games in Delhi
>Railways to set up Rabindra Museum in Howrah and Geetanjali Museum in Bolpur — both in West Bengal — to commemorate Rabindranath Tagore’s 125th birth anniversary
>New testing facility in Bangalore
>Railways proposes modernisation of ICF, Chennai.
>New housing scheme for 14 lakh employees
>Railways to start six water bottling plants in places like Ambala, Thiruvananthapuram, Farakka, Amethi and Nasik to provide clean and cheap drinking water to passengers.
>Special task force for clearing investment proposals in 100 days
>New business model to be created
>Unmanned railway crossing will be phased out in five years
>Five sports academies to be set-up, including Delhi, Chennai, Secunderabad
>E-tickets to be made available at panchayat level
>Railways recruitment: Exams to be conducted in regional languages
>Railways recruitment: Simultaneous exams proposed
>Modern toilets to be introduced in stations
>No privatisation of Railways
>Six bottling plants for Rail Neer
>Fee waiver for economically weak
>Special drive for improving passenger amentities
>Railways target 1,000 km of new line in one year
>117 new trains flagged-off in the last financial year
>Special task force will be set up for early clearance of projects
>Mamata appeals to business houses to join hands for building partnership with Railways
>Our focus is inclusive growth: Mamata
>Mamata presents Railway budget in Lok Sabha
Source : hindu
Tagged with: order_news
• sical logistics
Sical Logistics infromed the market that Sical Multimodal and Rail Transport LTD which is a wholly own subsidiary of Sical Logisitics bagged order from Hindustan Copper Ltd for multimodal port,train and road logosotocs, the order is worth 163 crore.The contract is for 2 years and iot starts from Jan 1 2010 and there is a chance that it can be extended for 1 more year.
Tagged with: order_news
• tantia construction
Tantia Constructions Ltd has informed the market that the company has bagged order from Eastern Railway, Constructions Department Kolkata in the name of TANTIA-EDCL (JV), the order is for earthwork in filing with required compaction in Rly. embankment, approach road/ back filing of platform wall , blanketing, turfing, construction of Minor Bridges , and other misc. works from Haripal Station to Tarkeswar Station.
Tagged with: alsthom
• alsthom project
Alstom Projects India Ltd has informed the market that alsthom as part of constium of other company like sumitomo corporation and thales security solution has bagged order worth totally 563.40 crore and alsthom contract is worth around 187 crore.The contract is for providing signalling equipment and services for Line 1 & 2 of the new Bangalore Metro System in India.
Tagged with: bhel
BHEL informed the market that it has bagged single-largest order in Transportation business for 150 Mainline Electric Locomotives from Indian Railways .The value of the order is Rs.990 crore , and the order is for 150 numbers 5000 HP 25 kV AC mainline electric locomotives (type WAG -7) is also the highest value single order received by BHEL from Indian Railways, till date.
Tagged with: Mumbai
• mumbai metro
• reliance infra
we already know that Reliance infrastucture is already part of the Mumbai Metro 1 Project and now asa copnsortium of Reliance Infrastructure , Reliance Communications, and Canada’s SNC-Lavalin it has won the Mumbai Metro II project to link Navi Mumbai and Charkop and Mankhurd in suburban Mumbai.this project is 32 kilometre Metro-II line from Charkop, a western suburb of Mumbai, to Mankhurd in the east , it will have 27 stations , they are expecting to complete it by 2015.
The company will sign a concession agreement, giving the group 35 years to operate the railroad that can be extended by another 10 years, within 45 days of the issue of letter of award.
Im not sure what Relaince communication is doing in the consortium may be they are going to take care of the communication part but im sure when its finished this is going to be as of now the biggest metro in India.
They are expecting Financial closure would be completed within nine months of signing of the concession agreement.
Tagged with: metro rail
• reliance infra
Reliance infrastructure is up by 9 percent or so after the news that reliance infra might bid again for the Hyderabad Metro rail project , orginally the order was awarded for Maytas Infra and now it has been revoked and Government of hyderabad might start opening the Bid again , Reliance infra was one of the main company which was showing keen interest , but not sure what made the news that they have won the order itself .
Tagged with: railway
• railway budget
Just got after a long work and checked my portfolio specifically for the Railway stocks that i recommended before the railway budget .None of them are in green everything came down today .That itself tells us that there is nothing in this budget for wagon making or any other railway stocks so we will see what is this year highlights.
2009-2010 Railway Budget Highlights
> There is no change in Fare and Freight rates , so good for people and company
> Expansion of railway network to every corner of the country.
> Proposed plan of RS.40,745 CR for outlay.
> Tatkal to be made passenger friendly .
> Faster parcel service in three main routes.
> Railway ticket to be available through post office.
> Railway concession for Press persons is 50 % now.
> Only Ladies Train – AT DELHI, KOLKATA AND CHENNAI
> 12 NEW POINT-TO-POINT ‘DURANTO’ TRAINS
> 57 NEW TRAINS, EXTENSION OF 27 TRAINS AND INCREASE IN FREQUENCY OF 13 TRAINS
AND AIR-CONDITIONED DOUBLE-DECKER TRAINS PROPOSED .
> 50 STATIONS TO BE UPGRADED TO WORLD CLASS STATIONS .
> Long distance to have doctors on board and also entertainment facility.
> Aged and Handicapped persons to have more ameneties.
> 6560 RAILWAY STAFF QUARTERS TO BE CONSTRUCTED AND GROUP ‘D’ EMPLOYEES TO GET SCHOLARSHIPS FOR THEIR GIRL CHILD
> SPECIAL TRAINS TO FERRY PERISHABLE AGRO PRODUCTS AND RURAL HANDICRAFTS
> SPECIAL FUND FOR THE DEVELOPMENT OF NORTH EAST RAILWAY
Download 2009-2010 Railway Budget Speech and Highlights
Tagged with: Budget
• railway budget
• stocks to watch
Railways related and direct stocks are having very good time , as the the Railway Budget date is nearing , one of the main stock to be noted here is Texmaco , it has gone up by more than 60 to 70 percent in just 2 weeks , time , they have a order book of almost 1300 crores.Anpther notes stock is kalindee rail nirman is also up by almost 60 percent or so , another stock is BEML which is up by almost 30 percent or so in just week or so .
Stocks To watch for Railway Budget
Tagged with: railway budget
>This is Railway Minister Lalu Prasad ‘s sixth Railway Budget
>Railways reported Rs 25,000 cr cash surplus last year
>Revenues have risen by 39 paise a tonne/km since 2001
>Costs have fallen by 7 paise a tonne/km since 2001
>Railways in Nov ’08 got 100 million dollar loan at 4%
>Railways has earned profit of Rs 90,000 Cr
>Recorded profits without hurting people
>Railway Minister Lalu Prasad presents expenditure estimates for the first four months of FY09
>Electrification of 1000 Km of rail lines completed in ’08-’09
>Wagon production to be hiked from 6600 to 15000 per year
>Four Railway enquiry call centres set up
>Railways’ turnaround made far different from that done by private cos
8 pc freight growth in past 5 years
>New Delhi-Ahmedabad Rajdhani becomes daily from 6 days a week
>Kolkata Metro will be expanded
>Railway Minister Lalu Prasad gives 2 per cent cut in 1AC, 2AC & 3AC and AC chaircar fares
>Eye on polls, Railway Minister Lalu Prasad announces 43 new trains
>Bhubaneshwar-New Delhi Rajdhani becomes four days a week
>Mumbai-Bikaner superfast bi-weekly,Nizamuddin-Bangalore Rajdhani tri-weekly
>Feasibility study on for bullet trains
>5 lakh people use rail Internet facility
>Ludhiana-Kolkata freight corridor functional later this month
>Started work on Delhi-Mumbai freight corridor
>Railways to invest Rs 35,900 cr in ’09
>Rs 10,500 cr kept aside to meet pension requirements
>Implementation of 6th Pay Commission to hike expense by Rs 13,500cr
>There has been a steep fall in container traffic
>Passenger growth up 14 per cent
>Passenger trains to have 22 per cent more capacity
>To hike efficiency of passenger and goods wagons
>Goods trains to have 78 per cent more capacity
>Steps to have railway connectivity to Kashmir initiated
>Rail accidents have fallen from 325 to 194 in past 5 yrs
>Railways to invest Rs 2.3 lakh cr over next 5 years
>Accidents have declined considerably
This is direct when it was happening on live
Tagged with: beml
• metro rail
BEML, informed the market today that they have bagged order worth 1672 crore from Bangalore Metro Rail Corporation ,BEMl being one of the only manufacturing company dealing with Metro Rail cars thjey are winning projects from every state that are planning to have metro rail added.More orders are going to flow through the companies order book.
Tagged with: kalindee rail nirmal
Kalindee Rail Nirmal Engineers informed the market that they have won Orders worth Rs 99.99 Crores from Delhi Airpot Express line project .The Company is also in receipt of other work order of Rs 7.66 crores from RVNL, New Delhi and the Company is the lowest bidder in work contracts from South East Central Railway valued about Rs 40.46 crores.So there is more 50 crore order in pipeline which is to be won by them.
Tagged with: larsen toubro
Larsen & Toubro Ltd (L&T) informed the market today that Larsen and Toubro togeather woth Scomi had bagged Rs 24.6 Billion order or 2460 crore order from Mumbai Metropolitan Region Development Authority (MMRDA) to implement the country’s first monorail system in Mumbai.We already know that Larsen Toubro is one of the best engineering & construction company with very good track record of implementing verylarge turn key projects and have finished all successfully .
Scomi Rail (formerly known as Mtrans Technology Berhad), a wholly owned subsidiary of Scomi Engineering, is a venture into the rail business, by Scomi.
As a key player in the industry, Scomi Rail offers urban transportation solutions by providing the latest technology for monorail electro-mechanical systems and the “rolling stock”, which refers to the traveling component in a rail system.
Tagged with: Egyptian National Railways
• kernex microsystem
• Level crossing
Kernex microsystem informed the market that it had one a contract on November 05, 2008 after market hours and its from Egyptian National Railways (ENR), Egypt for developing of 136 Level Crossings for Egyptian National Railways.The railway contract is worth about 17.50 Million US Dollars which includes the supply also.
The project is going to start in month of November and also in the mean while the Egyptian Railways is negotiating for developing additional 174 Level Crossing Railway gates for Egyptian National Railways, Egypt. So more order in pipeline , the Annualized EPS is around 3 rs so its already trading at 22 PE let it go down more then we can buy into this stock.
Tagged with: Maytas Infra
Maytas Infra Ltd has informed the market that they as part of the consortium of Nava Bharat Ventures Ltd, Maytas Infra Ltd, Italian-Thai Development Public Company Ltd and Infrastructure Leasing & Financial Services Ltd (“NMII Consortium”) has been awarded the Concession for undertaking the development of the Hyderabad Metro Rail (MRTS) Project on Design, Build, Finance, Operate and Transfer (the “DBFOT”) basis to its Consortium comprising .