Historic Qadian–Beas Railway Line Project Revived after almost 100 years : Ravneet Singh Union Minister of state for Railways and Food processing industries 39.68-kilometre long broad-gauge corridor at an estimated cost of approximately ₹1,400 crore A Major Boost to Connectivity, Tourism and Development in Punjab New Delhi/Chandigarh/ Gurdaspur 18 June ( Ranjeet Singh Dhaliwal ) : In a landmark development for Punjab's Majha region, the Government of India has revived the long-pending Qadian–Beas New Railway Line Project. Addressing the media at Rail Bhawan today Ravneet Singh Union Minister of state for Railways and Food Processing Industries expressed gratitude to the Hon'ble Prime Minister Narendra Modi and Hon'ble Railway Minister Ashwini Vaishnaw for their continued support and commitment towards strengthening railway infrastructure in Punjab. Elaborating on the Qadian Beas rail link, Ravneet Singh said that proposed railway line will connect Qadian in Gurdaspur distri...
Vedanta Iron & Steel announces listing of equity shares Chandigarh 17 June ( Ranjeet Singh Dhaliwal ) : Vedanta Iron & Steel Limited (VISL) has announced the listing of its equity shares on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). The listing will provide investors with direct access to one of India’s fastest growing integrated iron and steel platforms. The announcement comes at a time when the country’s steel sector is entering an unprecedented expansion phase. India’s steel production capacity is projected to reach 300 million tonnes by 2030, up from the current capacity of about 200 million tonnes. This growth will be made possible by sustained investment in infrastructure, railways, energy, defence and urbanisation. Domestic steel demand is projected to grow at a rate of 6 to 8 per cent annually, much faster than global growth. The sector is expected to play a key role in India's economic growth in the coming decade. The company'...