Centre to invest 80,000 crore in railways in Telangana, says Kishan Reddy
1
2
3
Hyderabad: Union minister for coal and mines, G Kishan Reddy, on Thursday announced that Telangana has been receiving special attention from the Centre in railway development, with plans to invest Rs 80,000 crore in the sector in the coming days.
Participating in the virtual inauguration of Begumpet, Warangal, and Karimnagar railway stations under the Amrit Bharat Station scheme — led by Prime Minister Narendra Modi — Kishan highlighted ongoing railway projects worth approximately Rs 42,000 crore in the state.
"Telangana is witnessing a shift in railway infrastructure with a 20-fold increase in the railway budget, the sanctioning of 40 Amrit stations, 100% rail electrification, and the laying of a record 346 km of new rail lines," he said.
The newly modernized stations are designed to cater to passenger needs for the next 30–40 years. "We are redeveloping Secunderabad railway station with Rs 720 crore and have also commenced work on Nampally and Kacheguda stations. All redeveloped stations will be ready by next year. Komuravelli Railway Station will be operational by Dasara," Reddy stated. He also noted that the Centre had advanced local transportation by initiating MMTS Phase-2, even without state government support.
During the inauguration and foundation-laying ceremony for various development projects worth Rs 26,000 crore in Bikaner, Rajasthan, Modi emphasized Telangana's historical significance in railway infrastructure. "Begumpet railway station is inspired by the architecture of the Kakatiya empire," he said, adding that Amrit Bharat Stations not only preserve India's heritage but also boost tourism across states.
Modi further noted that over 1,300 railway stations nationwide were undergoing modernization to enhance the passenger experience. Among them, 103 stations across 86 districts — developed at a cost of Rs 1,100 crore — were inaugurated on Thursday.
Meanwhile, state R&B minister Komatireddy Venkat Reddy urged the railways to expedite the MMTS Phase-II extension up to Yadadri, facilitating suburban commuters visiting the temple. SCR general manager Arun Kumar Jain revealed that 119 stations had been identified for redevelopment across the SCR jurisdiction.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
News18
26 minutes ago
- News18
Adani Group sees 29 pc rise in tax payments to Rs 75k cr in FY25
Last Updated: New Delhi, Jun 5 (PTI) Ports-to-energy conglomerate Adani Group saw a 29 per cent rise in tax outgo across portfolio companies to nearly Rs 75,000 crore, it said on Thursday. This includes both direct and indirect taxes paid, as well as payments towards employee social security. 'For fiscal year 2025 (April 2024 to March 2025 financial year), the Adani Group's total contribution to the exchequer increased by 29 per cent to Rs 74,945 crore, from Rs 58,104 crore in FY 2023-24, through its portfolio of listed entities," it said in a statement. The Rs 74,945 crore tax outgo in FY25 is roughly the cost of building the entire Mumbai Metro network – an infrastructure lifeline for millions of people. It's also nearly enough to host a modern-day Olympics. Of the total contribution of Rs 74,945 crore, direct contributions stood at Rs 28,720 crore, indirect contributions stood at Rs 45,407 crore, while other contributions added at Rs 818 crore. The conglomerate said that among its publicly listed entities, the leading contributors include Adani Enterprises Limited (AEL), Adani Cement Limited (ACL), Adani Ports and Special Economic Zone (APSEZ), and Adani Green Energy Limited (AGEL). 'The details are covered in the independent annual reports published by seven of the group's listed entities – Adani Enterprises Limited, Adani Ports and Special Economic Zone Limited, Adani Green Energy Limited, Adani Energy Solutions Limited, Adani Power Limited, Adani Total Gas Limited, and Ambuja Cements Limited," the statement said. The figure also includes the tax paid by three other listed companies – NDTV, ACC and Sanghi Industries – that are held by the seven companies. The group has also published a document titled 'Basis of Preparation and Approach to Tax' on the websites of its seven entities, which provides a complete breakdown of Adani Group's global tax and other contributions, it said. It includes direct contributions like global taxes, duties, and other charges borne by Adani's portfolio of companies, indirect contributions like global taxes and duties collected and paid on behalf of other stakeholders, and other contributions like social security, contributed for the benefit of the employees. 'Adani Group considers tax transparency as an integral part of its broader ESG framework. Through this voluntary initiative, the Group aims to demonstrate its commitment to transparency, foster stakeholder trust, and contribute to a more accountable global tax environment. The group strives to harmonise growth with social responsibility, aiming to transform India's infrastructure landscape while promoting innovation and creating long-term value for stakeholders," the statement added. PTI DR First Published: June 05, 2025, 09:45 IST
India.com
27 minutes ago
- India.com
Where is RCB's first owner Vijay Mallya now, is he still living luxurious life? His net worth is Rs...
Image credit: X (Formerly Twitter) In these collection of pictures, we find out all about the current whereabouts and net worth of original owner of Virat Kohli's Royal Challengers Bengaluru team, Vijay Mallya. Virat Kohli's RCB won the IPL title after an 18-year wait. RCB beat PBKS in the IPL 2025 final in Ahmedabad on Tuesday. Indian businessman Vijay Mallya had bought RCB for $111 million from BCCI back in 2007. Image credit: X (Formerly Twitter) Vijay Mallya left India after taking loans of nearly Rs 9000 crore from Indian banks for the defunct Kingfisher Airlines. Mallya has been unable to pay most of these loans so far. Vijay Mallya used to have net worth of around $1.2 billion in 2022, according to media reports. Image credit: X (Formerly Twitter) Vijay Mallya reportedly has current net worth of about Rs 5160 crore, according to media reports. Mallya still has 0.1 per cent stakes in United Spirits Ltd, and 8.08 per cent stakes in United Breweries Ltd, as of 2025. Image credit: X (Formerly Twitter) Vijay Mallya was last spotted at lavish wedding of his son Siddharth Mallya with Jasmine. Image credit: X (Formerly Twitter) Vijay Mallya lost ownership of RCB due to mounting debts. After Mallya's departure, Diageo India came into the picture, and it became the biggest shareholder of United Spirits Limited in 2016. But Mallya is still leading a luxurious and lavish life in the United Kingdom.
Economic Times
28 minutes ago
- Economic Times
JM Financial maintains Buy on Welspun Living; lowers target price to Rs 200
JM Financial has maintained Buy call on Welspun Living with a target price of Rs 200. The current market price of Welspun Living is Rs 131.2. The time period given by the analyst is a year when Welspun Living price can reach a defined target. Welspun Living, incorporated in 1985, is a Mid Cap company with a market cap of Rs 12611.90 crore, operating in the Textiles sector. ADVERTISEMENT Welspun Living's key products/revenue segments include Rugs, Blankets & Shawls, Other Operating Revenue and Scrap for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 2648.16 crore, up 4.77% from last quarter Total Income of Rs 2527.69 crore and up 1.20% from last year same quarter Total Income of Rs 2616.72 crore. The company has reported net profit after tax of Rs 133.04 crore in the latest quarter. The company's top management includes Goenka, Mandawewala, Goenka, Jiwani, Poddar, Duggal. Company has S R B C & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 96 crore shares outstanding. Investment Rationale Welspun Living reported an EBITDA of Rs 3.1 billon, marginally higher than JM Financial estimated EBITDA margin increased to ~11.9% vs 11.3% in 3Q. Margins remained under pressure during the quarter given lower offtake than expected given tariff uncertainty. The company witnessed a cautious approach by customers in 4Q given tariff uncertainty leading to margin pressure; consequently, the company has refrained from giving any guidance for FY26. The company has maintained ~6 months of cotton stock to help stabilize margins in situation of higher raw material costs; pillow plant ramp-up remains on track with current utilization at 31% - revenue from this segment at $15 million in FY25. The flooring business remains under pressure amidst tariffuncertainty - soft flooring to witness revival given India-UK FTA; the capex guidance for FY26 stands at Rs 3 billion with ~Rs 1 billion incurred in 4QFY25 and ~ Rs 7 billion incurred in FY25; Rs 2 billion to be spent towards additional terry towel capacity of 3,600 metric tons taking total capacity to 100ktpa. Net debt as at end of 4QFY25 stood at Rs 16 billion compared to Rs 16.5 billion as at end of 3QFY25. The brokerage believes that a relatively subdued cotton price outlook and GOI?s focus on developing the textile ecosystem is likely to drive earnings trajectory for the company. JM Financial maintains a BUY. Promoter/FII Holdings Promoters held 66.24 per cent stake in the company as of 31-Mar-2025, while FIIs owned 5.35 per cent, DIIs 8.93 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
