Steel Guru » Rail News

Budget hopes drive up railway linked stocks

Mohan Sharma — Wed, 01 Jul 2009 09:32:43 +0000

BL reported that ahead of the railway budget, scheduled on July 3rd, companies that derive business from this sector are witnessing a rally in their stock prices. The stocks of some of these companies gained substantially on Monday.

Expectation of a railway budget allocation to higher

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Indian Railways adopts IGBT technology for EMUs

Mohan Sharma — Wed, 01 Jul 2009 09:32:22 +0000

According to press release, Indian Railways is reaching a new milestone of approving green energy project in Mumbai.

The ministry of railways has decided to replace the existing Electrical Multiple Units with the new ones fitted with regenerative brakes by adopting 3 phase technology with

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RINL union assails divestment move

Mohan Sharma — Wed, 01 Jul 2009 09:31:46 +0000

BL reported that the Visakha Steel Workers Union, the recognized union in Rashtriya Ispat Nigam Limited, has condemned the move of the union government and the management to take up disinvestment in the steel plant and said it is highly objectionable.

In a memorandum submitted to Ms D

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RINL to get control of Bird Group – Report

Mohan Sharma — Wed, 01 Jul 2009 09:28:59 +0000

BS reported that Rashtriya Ispat Nigam Limited will have a controlling stake in the Bird Group of companies, including Orissa Mineral Development Corporation, which has 200 million tonne of iron ore reserves.

RINL has been identified as the strategic partner for acquiring controlling stakes

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