• Indian Railways has been adversely affected by the delay in supply of freight wagons by private manufacturers to replace old rolling stock and also create a buffer. There is a backlog of nearly 25,000 wagons to be supplied by private manufacturers.
  • In 2018-19, Indian Railways loaded 1,216 million tonnes of goods, 55 million tonnes more than the freight loaded in the previous year. Coal and coke contribute nearly 60% of freight traffic, followed by cement and foodgrains.
  • Indian Railways’ freight business is supported by five major bulk commodities – coal, steel, foodgrains, fertilisers and petroleum products, and moving containers handled by the Container Corporation of India. Indian Railways loading for freight business is expected to increase to 2,165 million tonnes by 2020.
  • Freight contributes to over 65% of Railways’ revenue, followed by passenger traffic.
  • Currently, Indian Railways has a fleet of nearly 3 lakh open and closed wagons.
  • Some of the large wagon manufacturers include Texmaco Rail and Engineering, Titagarh Wagons, Jindal Rail, Modern Industries, Hindustan Engineering, BESCO and Jupiter Wagons.
  •  On Wednesday (May 22, 2019), the rupee gained marginal 6 paise to close at 69.66 against the US dollar due to rise in equities and easing crude prices, a day ahead of Lok Sabha polls outcome.
  • However, foreign fund outflows diminished the sentiment of forex traders.
  • As per the company sources, Emami Cement Ltd’s IPO could hit the market in the next six months with SEBI approving the issue.
  • Emami Cement currently operates three manufacturing plants at Risda in Madhya Pradesh, Panagarh in West Bengal and Bhabua in Bihar, having a capacity of 5.6 million tonne.
  • Emami Cement is also in the process of setting up a cement grinding plant at Kalinganagar, Odisha.
  • The company’s combined installed capacity will be 9 million tonne with a clinker capacity of 3.2 million tonne.
  •  JK Lakshmi Cement reported a 27.80% increase in standalone net profit at ₹43.25 crore for the quarter ended March 2019 over ₹33.84 crore in January-March quarter last year.
  • For the year2018-19, JK Lakshmi Cement’s net profit stood at ₹79.56 crore, down 5.24% from ₹83.96 crore last year. Total income rose 9.94% to ₹3,938.60 crore in 2018-19 from ₹3,582.29 crore last year.
  •  Ramco Cements Ltd has reported a 51% growth in its net profit at ₹165 crore for the fourth quarter ended March 31, 2019, compared with ₹109 crore in the year-ago period.
  • For FY19, the company’s net profit dropped to ₹506 crore compared with ₹557 crore in FY18.
  • In the year 2018-19, the operating profit was lower as compared in 2017-18. Revenues stood at ₹5,175 crore for FY19 against ₹4,443 crore in FY18, on the back of a 19% increase in cement sales at 11.12 million tonnes during the year.
  • The government will take over three under construction national highway projects that were being executed by debt-ridden IL&FS Group. These projects were undertaken by the ministry of road transport and highways through state PWDs. The projects will be re-tendered for completion of the remaining work