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.
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