Govt announces Rs 20 Bn bonus for railway employees
The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com
Prabhakar seeks new railway line between Belagavi and Karad
KLES chairperson and former Rajya Sabha member Prabhakar Kore urged the Union minister of road transport and highways Nitin Gadkari and Union consumer affairs minister Pralhad Joshi, who were on the dais, to get the Belagavi-Nippani-Kolhapur-Karad new railway line sanctioned between Karnataka and Maharashtra by exerting pressure on the railway minister. He was speaking after accepting an honour from the citizens of Nippani town for his contribution to the education, health, and agriculture sectors over the past 40 years. VSM's Somashekhar Kothiwale Institute of Technology organised the progra..
Rs 147 Bn allotted to Madhya Pradesh rail development
A sum of Rs 147 billion has been allocated to Madhya Pradesh for development of railways, Union Minister Ashwini Vaishnaw said .The railway minister virtually flagged off a train service from Jaura to Kailaras in Morena district after the route was converted from narrow gauge to broad gauge. Union Communications Minister and MP speaker Narendra Tomar too showed green flags when the train departed from Jaura station. Rs 147 billion have been allocated for the development of railways in MP. Right now, five Vande Bharat trains are running in Madhya Pradesh. In the last 10 years, 222 kilometres ..
Reliance Power to raise Rs 41.98 Bn through convertible bonds
The board of directors of Reliance Power has approved plans to raise Rs 41.98 billion through foreign currency convertible bonds (FCCBs), to be issued to affiliates of Värde Investment Partners, a Singapore-based global alternative investment firm, according to a company press release. The bonds, set at an ultra-low interest rate of 5% per annum, will mature in 10 years and be convertible into equity at Rs 51 per share. The proceeds are expected to help the company reduce debt and fuel future growth, particularly in its renewable energy ventures. The announcement follows Reliance Power's re..