Rail investments surge, shaping future
RAILWAYS & METRO RAIL

Rail investments surge, shaping future

In a groundbreaking move, rail capital expenditure in the 2024 budget has escalated by 5%, reaching a staggering ?2.52 billion. This substantial increase is earmarked specifically for electrification and the dedicated freight corridor, marking a pivotal moment in the transformation of the country's railway infrastructure. The surge in funding underscores the government's commitment to sustainable and efficient transportation, aligning with global trends towards electrified rail networks.

In a groundbreaking move, rail capital expenditure in the 2024 budget has escalated by 5%, reaching a staggering ?2.52 billion. This substantial increase is earmarked specifically for electrification and the dedicated freight corridor, marking a pivotal moment in the transformation of the country's railway infrastructure. The surge in funding underscores the government's commitment to sustainable and efficient transportation, aligning with global trends towards electrified rail networks.

Next Story
Infrastructure Urban

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Next Story
Infrastructure Urban

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Next Story
Infrastructure Urban

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement