Rites Revises Estimate for Northeast Frontier Railway Electrification

01 Dec 2024 CW Team

RITES, a leading public sector enterprise in transport consultancy and engineering, announced a revised estimate of Rs 532 crore for an electrification project under the Northeast Frontier Railway. The project, initially estimated at Rs 288.44 crore, involves the electrification of the Lumding and Badarpur junctions in the Lumding division, which will be executed on a turnkey basis.

As of September 30, 2024, the Indian government holds a 72.20% stake in RITES, and the company has faced a 27.84% decline in consolidated net profit for Q2 FY25 compared to the previous year. Revenue from operations also fell by 7.12%. Despite this, RITES continues to expand its footprint in transport infrastructure, with the electrification project playing a key role in improving the energy efficiency of the railway network.

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

20 Jun 2025

INDEA Lays Foundation for India鈥檚 First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country鈥檚 first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India鈥檚 transition from a cost-driven to a quality-led a..

Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..