Latest news with #AmritBharat
India.com
17 hours ago
- Politics
- India.com
Indian Railways: Engineer who designed Vande Bharat Express is unhappy with Amrit Bharat Train due to….
Indian Railways: Engineer who designed Vande Bharat Express is unhappy with Amrit Bharat Train due to…. Indian Railways is planning to run 100 Amrit Bharat trains on major routes of the country. The government is promoting it heavily as a low-cost high speed train. By Joy Pillai Edited by Joy Pillai Advertisement Indian Railways: Engineer who designed Vande Bharat Express is unhappy with Amrit Bharat Train due to.... The Indian Railways has inducted its newest Amrit Bharat trains into its fleet. Prime Minister Narendra Modi recently flagged off four non-AC Amrit Bharat trains, giving the gift of high-tech trains to the people after the Vande Bharat trains. The Railways is planning to run as many as 100 Amrit Bharat trains on major stations. It is a non-AC sleeper class train which has 12 sleeper class coaches and 8 general class coaches. However, former General Manager of the Integral Coach Factory, Sudhanshu Mani, the person who made the Vande Bharat Express, is not happy with the Amrit Bharat trains. According to Mani, there should be no place for such non-AC trains in developed India. According to media reports, Mani said that the time has come to decommission non-AC sleeper class trains as they do not match the dream of Prime Minister Narendra Modi's developed India. Advertisement === 'Earlier such things were being said that the railways will make only AC trains. I liked this idea because with this, even a poor man can travel in AC. It was like Garib Rath. Today the poor do not have money, so they should be given the facility of traveling in AC at a low fare. Tomorrow, when the country develops and the poor also have money, then you can raise the rent,' he said, How Will The Loss Of Railways Be Compensated? As per Mani, poor people also deserve better facilities. Now it is shameful to talk about non-AC trains in developed India. He advocated for government intervention to improve the travel experiences of marginalised people, suggesting that the government can give the poor a chance to travel in Garib Rath or at a lower fare. Talking about the loss to Railways, he suggested that it can be compensated by trains like Vande Bharat. Advertisement === Increase Vande Bharat Trains Speed The former railway official suggested that passengers can pay a higher fare if the speed of Vande Bharat trains is increased. Currently, the average speed of Vande Bharat trains is 70 to 90 km, which can be increased to 100 to 150 km. The Amrit Bharat train is a push-pull train. This means these trains have engines on both the front and back sides. The Railway Ministry promotes Amrit Bharat trains as low-cost, high-speed trains.
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Business Standard
20 hours ago
- Business
- Business Standard
Recently listed stock is up 82% vs issue price in 3 weeks; time to sell?
Sambhv Steel Tubes share price today: Shares of Sambhv Steel Tubes have surged 16 per cent to ₹149, its highest level since listing, on the BSE in Tuesday's intra-day trade amid heavy volumes. The stock of iron & steel products company has zoomed 82 per cent against the issue price of ₹82 per cent. Sambhv Steel Tubes made its market debut on July 2, 2025. At 01:07 PM, the stock was quoting 9 per cent higher at ₹140.56, as compared to 0.08 per cent rise in the BSE Sensex. A combined 53.04 million equity shares have changed hands on the NSE and BSE. Q1FY26 results on July 24, 2025 Sambhv Steel Tubes informed that the board of directors of the company is scheduled to be held on Thursday, July 24, 2025, to inter alia consider the unaudited standalone and consolidated financial results of the company for the quarter ended June 30, 2025. Q1FY26 sales volume update Sambhv Steel Tubes witnessed strong growth in its sales, particularly in pre-galvanised (GP) coils and pipes and stainless steel coils product category, highlighting continued progress in its strategic focus on high-value product offerings. In April to June quarter (Q1FY26), the company's value-added products volume jumped 47 per cent year-on-year (Y-o-Y) at 79,717 tons, against 54,267 tons in Q1FY25. Intermediate products rose 70 per cent to 12,989 tons from 7,641 tons in the previous year quarter. Brokerages' view on Sambhv Steel Tubes Sambhv Steel Tubes is strategically positioned to capitalise on India's infrastructure boom, driven by initiatives such as the Jal Jeevan Mission and Amrit Bharat scheme. As a backwards-integrated player with consistent financial growth, efficient strategic sourcing, and ongoing expansion plans, the company is well-poised for long-term value creation, Geojit Investments said in IPO note. Various projects and schemes initiated by the central government and state governments have been driving the demand for steel pipes in India. The demand for domestic steel pipes and tubes is projected to increase to 18.50-20.50 MTPA in FY2029 at 8-9 per cent compounded annual growth rate (CAGR) during the period between FY2025 and FY2029 on a high base. Backed by fully integrated operations and in-house manufacturing capabilities, the company is well-positioned to capitalise on this sectoral growth. While there may be short-term pressure on margins, the company's ongoing expansion and favourable industry dynamics point to strong long-term growth potential, said Choice Equity Broking in IPO note. About Sambhv Steel Tubes Sambhv Steel Tubes is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity. The company's backward integration process allows it to manufacture a range of finished products including ERW black pipes and tubes (hollow section), cold rolled full hard (CRFH) pipes, pre-galvanized (GP) pipes, galvanized iron (GI) pipes and steel door frames, using intermediate products such as sponge iron, blooms/slabs and hot rolled (HR) coil, cold rolled (CR) coil (mild steel) and GP coils which are manufactured in-house.
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Business Standard
a day ago
- Business
- Business Standard
Recently listed IPO soars 16%; zooms 82% against issue price in 3 weeks
Sambhv Steel Tubes share price today: Shares of Sambhv Steel Tubes have surged 16 per cent to ₹149, its highest level since listing, on the BSE in Tuesday's intra-day trade amid heavy volumes. The stock of iron & steel products company has zoomed 82 per cent against the issue price of ₹82 per cent. Sambhv Steel Tubes made its market debut on July 2, 2025. At 01:07 PM, the stock was quoting 9 per cent higher at ₹140.56, as compared to 0.08 per cent rise in the BSE Sensex. A combined 53.04 million equity shares have changed hands on the NSE and BSE. Q1FY26 results on July 24, 2025 Sambhv Steel Tubes informed that the board of directors of the company is scheduled to be held on Thursday, July 24, 2025, to inter alia consider the unaudited standalone and consolidated financial results of the company for the quarter ended June 30, 2025. Q1FY26 sales volume update Sambhv Steel Tubes witnessed strong growth in its sales, particularly in pre-galvanised (GP) coils and pipes and stainless steel coils product category, highlighting continued progress in its strategic focus on high-value product offerings. In April to June quarter (Q1FY26), the company's value-added products volume jumped 47 per cent year-on-year (Y-o-Y) at 79,717 tons, against 54,267 tons in Q1FY25. Intermediate products rose 70 per cent to 12,989 tons from 7,641 tons in the previous year quarter. Brokerages' view on Sambhv Steel Tubes Sambhv Steel Tubes is strategically positioned to capitalise on India's infrastructure boom, driven by initiatives such as the Jal Jeevan Mission and Amrit Bharat scheme. As a backwards-integrated player with consistent financial growth, efficient strategic sourcing, and ongoing expansion plans, the company is well-poised for long-term value creation, Geojit Investments said in IPO note. Various projects and schemes initiated by the central government and state governments have been driving the demand for steel pipes in India. The demand for domestic steel pipes and tubes is projected to increase to 18.50-20.50 MTPA in FY2029 at 8-9 per cent compounded annual growth rate (CAGR) during the period between FY2025 and FY2029 on a high base. Backed by fully integrated operations and in-house manufacturing capabilities, the company is well-positioned to capitalise on this sectoral growth. While there may be short-term pressure on margins, the company's ongoing expansion and favourable industry dynamics point to strong long-term growth potential, said Choice Equity Broking in IPO note. About Sambhv Steel Tubes Sambhv Steel Tubes is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity. The company's backward integration process allows it to manufacture a range of finished products including ERW black pipes and tubes (hollow section), cold rolled full hard (CRFH) pipes, pre-galvanized (GP) pipes, galvanized iron (GI) pipes and steel door frames, using intermediate products such as sponge iron, blooms/slabs and hot rolled (HR) coil, cold rolled (CR) coil (mild steel) and GP coils which are manufactured in-house.
Business Standard
a day ago
- Business
- Business Standard
Recently listed stock soars 16%; zooms 82% against issue price in 3 weeks
Sambhv Steel Tubes share price today: Shares of Sambhv Steel Tubes have surged 16 per cent to ₹149, its highest level since listing, on the BSE in Tuesday's intra-day trade amid heavy volumes. The stock of iron & steel products company has zoomed 82 per cent against the issue price of ₹82 per cent. Sambhv Steel Tubes made its market debut on July 2, 2025. At 01:07 PM, the stock was quoting 9 per cent higher at ₹140.56, as compared to 0.08 per cent rise in the BSE Sensex. A combined 53.04 million equity shares have changed hands on the NSE and BSE. Q1FY26 results on July 24, 2025 Sambhv Steel Tubes informed that the board of directors of the company is scheduled to be held on Thursday, July 24, 2025, to inter alia consider the unaudited standalone and consolidated financial results of the company for the quarter ended June 30, 2025. Q1FY26 sales volume update Sambhv Steel Tubes witnessed strong growth in its sales, particularly in pre-galvanised (GP) coils and pipes and stainless steel coils product category, highlighting continued progress in its strategic focus on high-value product offerings. In April to June quarter (Q1FY26), the company's value-added products volume jumped 47 per cent year-on-year (Y-o-Y) at 79,717 tons, against 54,267 tons in Q1FY25. Intermediate products rose 70 per cent to 12,989 tons from 7,641 tons in the previous year quarter. Brokerages' view on Sambhv Steel Tubes Sambhv Steel Tubes is strategically positioned to capitalise on India's infrastructure boom, driven by initiatives such as the Jal Jeevan Mission and Amrit Bharat scheme. As a backwards-integrated player with consistent financial growth, efficient strategic sourcing, and ongoing expansion plans, the company is well-poised for long-term value creation, Geojit Investments said in IPO note. Various projects and schemes initiated by the central government and state governments have been driving the demand for steel pipes in India. The demand for domestic steel pipes and tubes is projected to increase to 18.50-20.50 MTPA in FY2029 at 8-9 per cent compounded annual growth rate (CAGR) during the period between FY2025 and FY2029 on a high base. Backed by fully integrated operations and in-house manufacturing capabilities, the company is well-positioned to capitalise on this sectoral growth. While there may be short-term pressure on margins, the company's ongoing expansion and favourable industry dynamics point to strong long-term growth potential, said Choice Equity Broking in IPO note. About Sambhv Steel Tubes Sambhv Steel Tubes is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity. The company's backward integration process allows it to manufacture a range of finished products including ERW black pipes and tubes (hollow section), cold rolled full hard (CRFH) pipes, pre-galvanized (GP) pipes, galvanized iron (GI) pipes and steel door frames, using intermediate products such as sponge iron, blooms/slabs and hot rolled (HR) coil, cold rolled (CR) coil (mild steel) and GP coils which are manufactured in-house.
Indian Express
3 days ago
- Business
- Indian Express
Which are the states with highest number of originating stations for Amrit Bharat Express?
Indian Railways, Amrit Bharat Express: Indian Railways has introduced six Amrit Bharat Express trains across its vast network so far. These modern trains offer a travel experience comparable to the Vande Bharat Express, but are specifically designed to provide affordable and high-quality service for passengers from lower and lower-middle income category. The Amrit Bharat trains come equipped with a range of upgraded features, including: semi-automatic couplers, modular toilets with new type of construction materials, strong pillar and partition, emergency talk back features, EP assisted brake system, newly designed seats and berths, pantry car in new design, continuous lighting system like Vande Bharat, fire detection system, gangways, external emergency lights, charging sockets along with mobile phone holders, etc. With the launch of four new Amrit Bharat Express trains on July 18 by Prime Minister Narendra Modi, Bihar has emerged as the state with the highest number of originating stations for these trains – now totalling five. These trains are 15557/15558 Darbhanga to Anand Vihar Terminal, 11015/11016 Saharsa to Mumbai LTT, 22361/22362 Rajendra Nagar Terminal (Patna) to New Delhi, 15561/15562 Darbhanga to Gomati Nagar (Lucknow), and 15567/15568 Bapudham Motihari to Anand Vihar Terminal. Of these, train number 15557/15558 Darbhanga to Anand Vihar Terminal was inaugurated in 2023 and the other train 11015/11016 running between Saharsa and Lokmanya Tilak Terminus in Mumbai was launched on April 24, 2025. Apart from these, West Bengal is the originating points for two Amrit Bharat Express trains – 13433/13434 Malda Town to SMVT Bengaluru and 13435/13436. Both these trains are being operated and maintained by the Eastern Railway (ER) zone. Developed by Chennai-based Integral Coach Factory (ICF), the Amrit Bharat train has been designed to run at a maximum speed of 130 km per hour (kmph). The Ministry of Railways has raised the production of Amrit Bharat Express trains in the country. It has targeted to manufacture 100 more Amrit Bharat rakes for the benefit of the middle class and economically weaker sections.
