Plan to contractualise machinery use, Railway Board Chairman

16 May 2023 CW Team

The Ministry of Railways is turning away from traditional means of financing track laying and maintenance machinery on its own and is increasingly looking at contractualizing the process through private companies as the Railways prepares to lead India's infrastructure expansion.

According to Anil Kumar Lahoti, Chairman of the Railway Board, "the contribution of India's construction equipment industry in supplying crucial equipment to facilitate the growth is crucial to the endeavour." On Thursday in New Delhi, Mr. Lahoti gave a speech at the Indian Construction Equipment Manufacturers Association's 4th annual financial conference.

In outlining the modernization strategies, Mr. Lahoti stated that the Ministry intended to use long- term contracts to complete track improvements as the Railways prepared for expansion. The machines cost anything between 100 million and 1 billion dollars. Finance will be required for this. Therefore, we intend to compensate contractors according on output or machine availability," he stated.

Internal projections made by the Railways, according to Mr. Lahoti, indicate that over the next six to seven years, at least 2,000 advanced pieces of track construction and maintenance equipment will be needed.

Infrastructure Urban

16 May 2025

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Infrastructure Urban

16 May 2025

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Infrastructure Urban

16 May 2025

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..