IRFC Funds Surat Multi-Modal Transport Hub

20 Aug 2025 CW Team

Indian Railway Finance Corporation (IRFC) has sanctioned a fresh term loan facility of Rs 2 billion to Surat Integrated Transportation Development Corporation Limited (SITCO) for the development of India’s first Multi-Modal Transport Hub (MMTH) at Surat.

The loan agreement was signed in New Delhi between senior officials of SITCO and IRFC, marking a significant milestone in advancing one of India’s most ambitious transport infrastructure projects.

IRFC, established in 1986 as the dedicated financing arm of the Ministry of Railways, recently attained Navratna status. With a zero-NPA record, it continues to expand as a diversified infrastructure financier, supporting projects with forward and backward linkages to the railways. Its mandate includes financing in power, transmission, mining, coal, warehousing, telecom, catering, metro rail, freight corridors, ports, and logistics.

SITCO—a joint venture between the Ministry of Railways and the Government of Gujarat—is spearheading the project, which will integrate railways, metro, bus rapid transit, city and regional buses, and other modes of urban and regional transport. Passenger facilities and station infrastructure will also be upgraded to international standards.

IRFC’s financial support will strengthen the project’s viability, accelerate execution timelines, and contribute to regional economic growth. The Surat MMTH is expected to significantly enhance connectivity and capacity, furthering India’s transport modernisation and urban mobility goals.

The Chairman and Managing Director of IRFC said the initiative highlights IRFC’s role in funding railway-linked infrastructure that strengthens logistics, urban mobility, and supports the broader nation-building agenda.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..