Railways Minister says the first bullet train to run by 2026

16 Mar 2023 CW Team

Ashwini Vaishnaw, Minister of Railways, claimed that the bullet train project would be completed by August 2026. However, he claimed that the hyperloop technology is still 7-8 years away. The minister acknowledged that there had been some problems in Maharashtra that had caused the project's early delays, but that they had been rectified by the state’s new administration. He stated that 154 pillars for the bullet train have been done in one and a half years to emphasise how quickly the construction was completed.

He responded that the administration has established a goal date of August 2026 for the country to expect the first bullet train. “The government is targeting August 2026 for running first bullet train. The goal is to run the bullet train on a larger section in 2027,” said the minister.

The minister acknowledged the potential of the hyperloop, but added that, "If speaking realistically, the technology is still seven to eight years away.” On the rail budget, he stated that, “it is historic and is going to radically impact the productivity of India's economy in 2023.”

Vaishnaw, who is also in charge of the Ministry of Communication, also emphasised India's technological advancements. As comparison to ten years ago, he claimed, practically all mobile phones are now made in India. He claimed that the semiconductor industry is a recent development in India and that the government is in communication with all relevant parties to advance the sector.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..