Record Rs 173.66 bn Allocated for Rail Infrastructure in Gujarat

05 Mar 2026 CW Team

Union Railway Minister Ashwini Vaishnaw announced a record allocation of Rs 173.66 billion (bn) for rail infrastructure development in Gujarat for fiscal 2026-27. He made the announcement at the Gujarat Semiconnect Conference 2026 and said it represents the highest state allocation to date. The funding is intended to accelerate modernisation and expansion of the state railway network.

The minister contrasted the allocation with the amount provided during the UPA regime between 2009 and 2014, when Rs 589 crore was provided, equivalent to Rs 5,890 million (mn). He said the government had increased the budget manifold, enabling rapid advancement of key projects across the state. Work is underway on railway projects totalling Rs 1,280 billion (bn) in Gujarat.

A total of 87 stations have been selected for upgrade under the Amrit Station Scheme and work on 21 stations has been completed, with progress at Ahmedabad, Sabarmati, Surat, Una and Somnath. The minister indicated that renovation of Ahmedabad Railway Station will deliver world-class facilities for passengers and that the projects are proceeding at pace. The acceleration of these works has been attributed to cooperation from state authorities.

The minister said the Central Government is preparing to make the country's first high speed bullet train operational next year and that the Ahmedabad to Mumbai journey will take one hour 57 minutes at a speed of 350 km/hr. He added that senior officials from Japan's Prime Minister's Office had reviewed progress and expressed satisfaction and that the Prime Minister had approved seven new routes for future connectivity. The minister framed the investments as creating opportunities for the youth and students and noted a two million shortfall that must be filled to generate employment in the semiconductor sector. The measures are presented as setting the state on a path to unparalleled modernisation of its railway infrastructure.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..