
UAE’s Masdar Signs Investment Agreement for 1 GW Wind Project

IRFC Extends Rs 25.39 Billion Loan to Odisha Rail Corridor
The Indian Railway Finance Corporation Ltd (IRFC) has sanctioned a refinancing facility worth Rs 25.39 billion to Angul Sukinda Railway Limited (ASRL), a key freight corridor operator in Odisha. The loan agreement was signed on 11 August at IRFC’s headquarters by ASRL Managing Director, Dilip Kumar Samantray, and IRFC Executive Director (Finance), Deepa Kotnis, in the presence of senior executives from both organisations.ASRL is a special purpose vehicle jointly promoted by Rail Vikas Nigam Ltd (RVNL), Container Corporation of India Ltd (CONCOR), the Odisha government, and private partners. ..

Indian Railways Reports Rs 2.4 Trillion Earnings in FY23
The Indian Railways generated Rs 2.399 trillion from passenger and freight operations in 2022–23, marking a 25.51 per cent increase over the previous year, according to the Comptroller and Auditor General (CAG) report tabled in Parliament on Tuesday. The review, based on audited accounts for the year ending March 2023, highlighted an improvement in financial performance alongside operational challenges.The Ministry of Railways recorded total expenditure of Rs 4.416 trillion, up 11.34 per cent from 2021–22. This included Rs 2.039 trillion in capital expenditure (a 7.21 per cent rise) and Rs..

Meerut–Nazibabad Rail Electrification Completed
The Rs 19.5 billion electrification of the 132 km Meerut–Nazibabad railway section has been completed, marking a major milestone in strengthening northern India’s rail network.The upgrade will enable faster and more reliable train services, improving operational efficiency, reducing travel time, and cutting fuel costs. According to the Ministry of Railways, electrification will significantly lower emissions, in line with the government’s target of achieving 100 per cent railway electrification nationwide.The modernised section will also support higher freight capacity, benefiting industr..