Plan to contractualise machinery use, Railway Board Chairman

16 May 2023 CW Team

The Ministry of Railways is turning away from traditional means of financing track laying and maintenance machinery on its own and is increasingly looking at contractualizing the process through private companies as the Railways prepares to lead India's infrastructure expansion.

According to Anil Kumar Lahoti, Chairman of the Railway Board, "the contribution of India's construction equipment industry in supplying crucial equipment to facilitate the growth is crucial to the endeavour." On Thursday in New Delhi, Mr. Lahoti gave a speech at the Indian Construction Equipment Manufacturers Association's 4th annual financial conference.

In outlining the modernization strategies, Mr. Lahoti stated that the Ministry intended to use long- term contracts to complete track improvements as the Railways prepared for expansion. The machines cost anything between 100 million and 1 billion dollars. Finance will be required for this. Therefore, we intend to compensate contractors according on output or machine availability," he stated.

Internal projections made by the Railways, according to Mr. Lahoti, indicate that over the next six to seven years, at least 2,000 advanced pieces of track construction and maintenance equipment will be needed.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..