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The Indian government's Rs 2,212 crore IRFC offer for sale opens for retail investors today at a floor price of Rs 91 per share. The institutional tranche was oversubscribed, and a greenshoe option could push total proceeds higher.
IRFC shares dropped nearly 6% on June 24, 2026, as the government opened an Offer for Sale for non-retail investors at a floor price of Rs 91 per share, a 7.79% discount to the previous close. The discount shifts institutional demand away from the open market, depressing the traded price during the OFS window.
Railways Minister Ashwini Vaishnaw warned that India's bullet train network will dominate short-haul routes like Mumbai-Pune and Hyderabad-Bengaluru, making air travel on those corridors uncompetitive.
Indian Railways crossed Rs 6,000 crore in scrap sales while non-revenue fare income jumped 168% over five years, reaching Rs 777.76 crore in FY 2025-26. Both streams help Railways fund capital spending without raising passenger fares or increasing borrowing.
India's Railway Board has set zone-wise targets to surrender or redistribute nearly 30,000 posts in 2026, 27, embedding the exercise as a formal KPI in each zone's annual performance agreement. The move reduces authorised headcount and future hiring capacity across one of the world's largest employers.
Railways Minister Ashwini Vaishnaw flagged off India's first direct Jammu-Srinagar train service, completing a high-altitude rail link through the Himalayas. The route gives Kashmir a reliable all-weather connection to the rest of India, lowering freight costs and reducing dependence on landslide-prone roads.
India's Union Cabinet approved ₹24,815 crore in multi-tracking rail projects across 15 districts in Uttar Pradesh and Andhra Pradesh, adding roughly 601 km to the Indian Railways network. The Ghaziabad-Sitapur project, the larger at ₹14,926 crore, is designed to ease congestion on northern and eastern connectivity
RVNL has emerged as the lowest bidder for a Rs 968-crore East Coast Railway project involving bridge construction over the Birupra, Mahanadi, and Kathjori rivers. The contract adds measurable order book depth, a key valuation driver for the state-owned rail infrastructure firm. Formal award confirmation and updated ord
Tag
The Indian government's Rs 2,212 crore IRFC offer for sale opens for retail investors today at a floor price of Rs 91 per share. The institutional tranche was oversubscribed, and a greenshoe option could push total proceeds higher.
2d ago · 3 min · Markets
IRFC shares dropped nearly 6% on June 24, 2026, as the government opened an Offer for Sale for non-retail investors at a floor price of Rs 91 per share, a 7.79% discount to the previous close. The discount shifts institutional demand away from the open market, depressing the traded price during the OFS window.
6d ago · 4 min · Markets
Railways Minister Ashwini Vaishnaw warned that India's bullet train network will dominate short-haul routes like Mumbai-Pune and Hyderabad-Bengaluru, making air travel on those corridors uncompetitive.
1mo ago · 2 min · Business
Indian Railways crossed Rs 6,000 crore in scrap sales while non-revenue fare income jumped 168% over five years, reaching Rs 777.76 crore in FY 2025-26. Both streams help Railways fund capital spending without raising passenger fares or increasing borrowing.
1mo ago · 2 min · Business
India's Railway Board has set zone-wise targets to surrender or redistribute nearly 30,000 posts in 2026, 27, embedding the exercise as a formal KPI in each zone's annual performance agreement. The move reduces authorised headcount and future hiring capacity across one of the world's largest employers.
1mo ago · 2 min · Policy & Government
Railways Minister Ashwini Vaishnaw flagged off India's first direct Jammu-Srinagar train service, completing a high-altitude rail link through the Himalayas. The route gives Kashmir a reliable all-weather connection to the rest of India, lowering freight costs and reducing dependence on landslide-prone roads.
2mo ago · 1 min · Big Stories
India's Union Cabinet approved ₹24,815 crore in multi-tracking rail projects across 15 districts in Uttar Pradesh and Andhra Pradesh, adding roughly 601 km to the Indian Railways network. The Ghaziabad-Sitapur project, the larger at ₹14,926 crore, is designed to ease congestion on northern and eastern connectivity
2mo ago · 1 min · Policy & Government
RVNL has emerged as the lowest bidder for a Rs 968-crore East Coast Railway project involving bridge construction over the Birupra, Mahanadi, and Kathjori rivers. The contract adds measurable order book depth, a key valuation driver for the state-owned rail infrastructure firm. Formal award confirmation and updated ord
2mo ago · 1 min · Markets
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