Centre to develop roadmap for six railway PSUs in budget 2022

05 Jan 2022 CW Team

The centre plans to implement a roadmap for merging six public sector undertakings (PSUs) under the Ministry of Railways in the budget 2022-23.

Sanjeev Sanyal, the principal economic adviser, recommended the mergers in August 2021 on the rationalisation of the government bodies under the Ministry of Railways.

Sources informed the media that Minister of Finance Nirmala Sitharaman is likely to announce the merger of Rail Vikas Nigam Limited (RVNL) with Indian Railway Construction Limited (IRCON), RailTel Corporation with Indian Railway Catering and Tourism Corporation (IRCTC) and Braithwaite and Co Limited with Rail India Technical and Economic Services (RITES).

According to an official, out of three railway PSU mergers, two are likely to complete in 2022, depending on the regulatory approvals.

The merger between RVNL and IRCON and RailTel and IRCTC might be completed by 2022-23. The Ministry of Railways expects that the PSU merger will boost the value of the PSUs for raising funds on better terms.

RVNL will be implementing the projects for creating and augmenting rail infrastructure, while IRCON is a specialised infrastructure construction organisation.

The merger of PSUs was started in September when the Ministry of Finance asked the Indian Railways to come up with a merger plan of seven PSUs proposed by Sanyal.

It also asked the railways to figure out a plan to downsize operations within the railway department to help organisations focus on running and maintaining railway services.

Image Source

Infrastructure Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..