Railways Utilizes 61% of Capex Budget

14 Nov 2024 CW Team

Indian Railways has spent 61% of its budgeted capital expenditure (capex) allocation by October 2024, totaling ?1.63 lakh crore. This expenditure is part of the ongoing efforts to modernize infrastructure, enhance safety, and improve passenger services. The capex focus includes projects related to track doubling, electrification, station redevelopment, new trains, and upgrading signaling systems, as part of the larger transformation plan to meet growing transportation demands.

The capital allocation for the fiscal year is ?2.66 lakh crore, with a significant portion being invested in high-priority projects, including dedicated freight corridors, railway electrification, and the development of high-speed rail systems. These investments are expected to not only improve operational efficiency but also support the government’s goal of making the Indian Railways more sustainable and competitive.

The railways' ongoing modernization efforts are also aligned with its commitment to achieving net-zero emissions by 2030. Significant strides have been made in the transition to electrified rail lines and the development of green technologies, such as solar-powered trains and energy-efficient systems, reducing dependency on fossil fuels.

Infrastructure Urban

26 Jun 2026

PRS International marks 18 years of global advisory work

PRS International Group of Companies recently said it has strengthened its position as a sovereign-grade multinational advisory organisation, marking nearly 18 years of operations across strategic communications, institutional advisory and international cooperation. The Group, with headquarters in Washington, D.C. and New Delhi, said its work spans more than 190 countries and supports governments, multilateral institutions, investors, corporations and private clients. The organisation said its services cover government advisory, crisis management, trade and investment facilitation, nation bra..

dormakaba showcases access solutions at iDAC Chandigarh

dormakaba recently participated in iDAC Chandigarh 2026 at JW Marriott, engaging with architects, interior designers, developers, hospitality professionals and industry experts. The access solutions brand showcased a range of security and architectural products, including Mechanical Key Systems, Digital Cylinder, C Lever, Lever Handle, AIDO’s SLYNK Profiled Door System and Hotel Lock. The company said AIDO’s solutions added a design-led architectural and hospitality dimension to its presence at the event. The SLYNK Profiled Door System drew attention for supporting modern interiors where ..

Tata Power Secures Karnataka Transmission Project

Tata Power has won a power transmission project in Karnataka after emerging as the successful bidder in a tariff-based competitive bidding process run by PFC Consulting, a wholly owned subsidiary of Power Finance Corporation. The company received a Letter of Intent from PFC Consulting for a renewable energy evacuation scheme to be delivered under a Build, Own, Operate and Transfer model. The award follows a competitive selection and positions the firm to expand its transmission activities in the state. As part of the contract, Tata Power will acquire the special purpose vehicle (SPV) created f..