Third Railway Line Between Tatanagar And Adityapur Likely By September
Indian Railways Approves Rs 2.7 bn Kavach Rollout in Odisha
Indian Railways has approved a Rs 2.7 billion (Rs 2.7 bn) plan to install the Kavach train collision avoidance system on 631 route kilometres in the East Coast Railway zone. The Ministry of Railways said the work will form part of a wider Kavach deployment programme that relies on an LTE based communication backbone rather than a standalone installation. The approval marks the latest stage in the steady expansion of the indigenous safety technology across the national network. The decision aims to enhance safety and reliability on corridors serving Odisha and adjoining areas. The project will ..
Indian Railways Accelerates Modernisation Drive
Indian Railways utilised nearly 30 per cent of its capital expenditure budget for FY2026-27 within the first two months of the financial year, spending more than Rs 840 billion (bn) in April and May against a planned outlay of Rs 2.93 trillion (tn) for the year. The Union Budget allocated Rs 2.93 tn in total capex, comprising Rs 2.81 tn through gross budgetary support and Rs 120 bn from extra-budgetary resources. The early absorption indicates robust project execution and an aggressive infrastructure push. A significant share of the spending is being channelled towards track infrastructure, in..
Commercial Office REITs To Add 40 to 45 Mn Sq Ft By FY28
Domestic commercial office real estate investment trusts will expand leasable area by 40 to 45 million square feet (mn sq ft) to 190 to 195 million square feet by fiscal 2028, a rise of 25 to 30 per cent, Crisil Ratings said. The agency cited planned asset additions and the recent listing of a new REIT and said credit profiles should remain healthy on steady rental income, strong occupancy and controlled leverage. Of the added 40 to 45 mn sq ft, 16 mn sq ft will stem from the recent listing, with inorganic acquisitions expected to lead additions to avoid construction-related risks. Since the f..

