MINERAL CORRIDORS RAILWAY PROJECTS
Uttar Pradesh set to develop Rs 700-crore EV manufacturing park on 500 acres in Kanpur
Uttar Pradesh government plans to develop Kanpur as a key electric vehicle manufacturing center. The state government will invest approximately Rs 700 crore. UPSIDA will develop an EV park across 500 acres near Bhimsen. The project will operate under a PPP model. The park will house units for manufacturing electric motors and lithium-ion batteries.
'Make in India' steel bridge spanning 100 metres launched over DFC for Mumbai-Ahmedabad bullet train
A 100-meter steel bridge, weighing 1,400 metric tonnes, has been successfully launched over the Dedicated Freight Corridor tracks near Bharuch, Gujarat, marking the eighth such bridge completed for the Mumbai-Ahmedabad Bullet Train project. This achievement contributes to the project's progress, which includes the completion of 300 km of viaducts, utilising full span launching and span-by-span methods.
Omaxe to invest Rs 1,000 crore in developing a township in Amritsar
Omaxe plans to invest Rs 1,000 crore to develop a township in Amritsar. The company acquired 260 acres of land for this project. The township is near the Golden Temple. It will include residential plots, commercial spaces, and a school. The project benefits from improved regional connectivity. The first phase is expected to complete in four years.
RBI may soon step in to absorb excess liquidity
The Reserve Bank of India is anticipated to introduce variable rate reverse repo (VRRR) auctions to manage surplus liquidity, aiming to keep short-term money market rates within the liquidity adjustment facility (LAF) corridor.
India Space Congress to begin on June 25 in Delhi; bring together policymakers, industry leaders
The India Space Congress (ISC) is scheduled for June 25, bringing together global leaders to discuss the burgeoning private space sector in India. With participation expected from 40 countries, the event aims to foster investment and collaboration in India's space economy, projected to reach USD 44 billion by 2033.
IMEEC to have profound impact on world connectivity, says EAM Jaishankar
External Affairs Minister Jaishankar emphasized the importance of connectivity in diplomacy, highlighting the transformative potential of the India-Middle East-Europe Economic Corridor (IMEEC). Once completed, IMEEC will provide a significant land and sea-based route to Europe, extending to the Pacific.
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Cabinet clears two railway projects worth Rs 6,405 crore in Jharkhand, Karnataka & Andhra Pradesh
The Union Cabinet has approved the Koderma–Barkakana doubling in Jharkhand and the Ballari–Chikjajur doubling in Karnataka and Andhra Pradesh, totaling 318 km at Rs 6,405 crore. These projects aim to enhance passenger and freight movement, reduce carbon emissions, and improve operational efficiency. Expected to be completed in three years, they will significantly boost regional connectivity and support economic growth.
Even at half the price, is this Chinese jet proving costly for bankrupt Pakistan
China is reportedly offering Pakistan a 50% discount on 40 J-35A fighter jets amid economic challenges and a defense budget increase. This deal, featuring advanced weaponry and favorable payment terms, strengthens the China-Pakistan alliance. Pakistan seeks economic support and counters India's narrative while relying heavily on Chinese arms.
Texmaco Rail could be railway sector’s dark horse: Mayuresh Joshi
Mayuresh Joshi discusses the railway sector's potential, highlighting positive budgetary allocations and new projects. While manufacturing stocks like Titagarh and Texmaco Rail face margin constraints, infrastructure and financing stocks offer selective opportunities. Joshi also addresses Maruti's production adjustments due to rare earth magnet issues, anticipating a potential recovery in the auto sector's EV segment.
Hindustan Copper plans Rs 2,000cr capex for core expansion by FY31, excludes PPP projects
Hindustan Copper Ltd. (HCL) will invest approximately Rs 2,000 crore over the next five to six years to expand its mining operations, primarily focusing on the Malanjkhand Copper Project in Madhya Pradesh.
Cabinet approves two multi-tracking railway projects
The Cabinet Committee on Economic Affairs has sanctioned two multitracking projects spanning Jharkhand, Karnataka, and Andhra Pradesh, adding approximately 318 km to the Indian Railways network. These projects, estimated to cost ₹6,405 crore, aim to enhance transportation efficiency and reduce logistics costs.
Adani Group supplied 65,000 tonne of high-strength cement for Chenab bridge
Adani Cement contributed to the Chenab Bridge construction. Ambuja Cements and ACC supplied 65,000 metric tonnes of cement. The cement was Ordinary Portland Cement 43 Grade. The bridge connects Kashmir Valley with the rest of India. Prime Minister Narendra Modi inaugurated the bridge. He also inaugurated the Anji Bridge. The Chenab Rail Bridge is the world's highest railway arch bridge.
'Wonderful journey...': NC Chief Farooq Abdullah returns to Srinagar from Katra in Vande Bharat
Farooq Abdullah lauded the Vande Bharat train after his journey to Srinagar. He highlighted its positive impact on tourism and business. He also acknowledged the connectivity it provides to the rest of India. Abdullah expressed joy after crossing the Chenab Bridge. He called the train service a significant gift for Jammu and Kashmir.
Fresh off the tracks, fully booked! Srinagar Vande Bharat Express sees massive 10-day demand
The Vande Bharat Express on the Katra-Srinagar route has seen overwhelming public response, with the train fully booked for the next 10 days. Flagged off on June 6, this train is a part of the USBRL project, connecting Kashmir to the national railway network.
Texmaco Rail shares rally 5% after Rs 44 crore order win from Mumbai Railway Vikas Corporation
Texmaco Rail & Engineering has won a Rs 44.04 crore order from MRVC for a traction infrastructure project on the Central Railway, to be completed in 18 months. In Q4, revenue rose 17.5% YoY to Rs 1,346.4 crore, but net profit dipped 12% to Rs 40 crore. The stock has gained 32.5% in three months and trades near overbought levels.
IndianOil gains bulk diesel market share in April-May, beats Reliance Industries and Nayara
IndianOil has sharply increased its bulk diesel market share to 53.5% in April-May 2025 from 43.6% a year earlier, overtaking rivals Reliance Industries and Nayara Energy. The surge follows a strategic shift under new chairman A.S. Sahney, who prioritized market dominance over high margins.
Aizawl gets connected to railway network after CRS authorisation
Mizoram now has direct rail connectivity to Aizawl. The Bairabi–Sairang Broad Gauge line is now operational. The final section from Hortoki to Sairang received authorization. This completes the 51.38 km project. The new line includes tunnels and bridges. The Commissioner of Railway Safety inspected the line. This development integrates Mizoram into the national railway network.
Railway Ministry permanently closes Rs 402-cr Mathura-Vrindavan rail conversion project
The Railway Ministry has permanently shut down the Mathura-Vrindavan rail line conversion project, initially sanctioned in 2017-18 with a budget of Rs 402 crore, deeming it uneconomical. This decision follows local opposition to the broad gauge construction, which would have altered established pedestrian routes.
The Wealth Company aims to raise Rs 2,000 cr fund for realty, infra investments
The Wealth Company Asset Management, part of Pantomath Group, aims to raise over Rs 2,000 crore via its Bharat Bhoomi Fund, a Category II AIF targeting execution-ready real estate projects. The fund will invest across data centers, renewables, residential and retail segments, with a strong focus on India's infrastructure-led growth corridors.
India’s swelling coal stockpiles test state-owned mining giant
Early monsoon rains in India have dampened electricity demand, leaving Coal India Ltd. with high coal stockpiles and reduced auction premiums. Increased competition from renewable energy sources and other miners further threatens Coal India's profitability. Analysts predict a narrowing growth window for the company as demand for coal faces increasing pressure.
RITES shares in focus after MoU with Hindustan Copper to build critical mineral supply chain
RITES Ltd has signed an MoU with Hindustan Copper Ltd to jointly develop a sustainable and self-reliant supply chain for critical minerals. The partnership aims to boost mineral security by supporting exploration, extraction, and infrastructure development both in India and overseas.
Why engineering exploits tell only one part of Chenab bridge's story
The construction of India's highest cable-supported single-arch bridge over the Chenab River faced numerous challenges, including difficult terrain and a lengthy legal struggle. After years of court cases questioning the project's alignment and methodology, the Supreme Court's 2016 ruling allowed work to proceed effectively.
Critical mineral investments stalled by economic uncertainty despite strong demand outlook: IEA
The IEA reports weakened investment momentum in critical minerals in 2024, despite strong demand expectations. Exploration plateaued, and funding for startups slowed. Refined material production concentrated among top suppliers like Indonesia and China, increasing geographic concentration. Surging supply, particularly from these nations, drove down prices for battery metals, with lithium prices plummeting over 80% since 2023.
Train to Kashmir: Helicopters ferried men and machines to build engineering marvels in once cut-off areas
Indian Railways acknowledged the armed forces' crucial role in realizing the Kashmir rail link, fulfilling a century-old dream. Helicopters facilitated the construction of roads, deployment of resources, and building of engineering marvels in the remote region. This connectivity has transformed lives, spurred economic activity, and unlocked tourism potential in previously isolated villages.
Chenab railway bridge: While India lays tracks in Kashmir, Pakistan cancels development projects
Prime Minister Modi inaugurated the Chenab Bridge, the world's highest railway arch bridge, a key part of the Udhampur-Srinagar-Baramulla Railway Line, enhancing connectivity in Jammu and Kashmir. This infrastructure milestone contrasts sharply with Pakistan's economic struggles, marked by loan dependency and budget cuts, even as India invests in high-speed rail and regional integration.
India is a key strategic partner for Kazakhstan; DPM calls for increasing Indian FDI
Kazakhstan aims to triple bilateral trade with India, focusing on energy, digital cooperation, and infrastructure investment. Deputy Prime Minister Nurtleu highlighted a 41% increase in Indian investments, exceeding $525 million, and invited participation in key transport corridors. Kazakhstan is ready to supply strategic resources and boost tourism, offering a favorable investment climate and visa-free entry.
India-Central Asian Foreign Ministers speak in one voice against cross-border terror & terror proxies
At the fourth India-Central Asia dialogue, ministers condemned the Pahalgham terrorist attack and pledged to combat terrorism, emphasizing accountability for perpetrators and the need for UN cooperation. They expressed interest in joint rare earth exploration, supported India's UN Security Council membership, and advocated for a stable, terror-free Afghanistan.
IMEC a catalyst towards vision of Viksit Bharat: Dammu Ravi
The India-Middle East-Europe Economic Corridor aims to connect India and Europe. It involves railways, ports, and digital infrastructure. Experts discussed its potential at a conference organized by Chintan Research Foundation. The project promises trade benefits and reduced emissions. It also supports India's green energy goals. IMEC is seen as a geopolitical and economic tool.
Andhra four-lane corridor receives cabinet approval
The 108.134 km, four-lane Badvel-Nellore Corridor on national highway (NH) 67 will be built on design-build-finance-operate-transfer (DBFOT) mode. It will provide connectivity to important nodes in the three industrial corridors of Andhra Pradesh-Kopparthy node on the Vishakhapatnam-Chennai Industrial Corridor, Orvakal node on Hyderabad-Bengaluru Industrial Corridor and Krishnapatnam node on Chennai-Bengaluru Industrial Corridor-and will have a positive impact on India's Logistics Performance Index, said a government statement.
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