Latest news with #AmritBharatScheme
Time of India
31-07-2025
- Time of India
Infra a pain point at Tiruvallur station
Chennai: From the long-delayed foot overbridge (FOB) project to closed ticket counters, and lack of basic amenities, Tiruvallur railway station continues to pose multiple challenges to its one lakh passengers every day. A major concern is the foot overbridge work being carried out under Amrit Bharat Scheme. "Work started in August 2023, and platforms were dug up. It's supposed to connect all six platforms, but it's still pending. Commuters are left to struggle. Construction materials are placed on the platform, and it is hard for people to walk," said K Baskar, of the Tiruvallur railway passengers welfare association. Beyond the FOB, the station suffers from poor infrastructure and a lack of amenities. Despite witnessing more than 180 train halts per day across six platforms, shelters are inadequate. "If it rains, passengers are exposed. There's no protection," Baskar added. Another long-standing issue is the access road from the Manavalanagar side, used by nearly 50% of the station's commuters. Even during light rain, water stagnation makes this route impassable. "Manavalanagar is a densely populated residential area and a key traffic junction where two state highways meet. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo Yet, the second entrance to the station remains unserved," Baskar said. You Can Also Check: Chennai AQI | Weather in Chennai | Bank Holidays in Chennai | Public Holidays in Chennai The Jansadharan Ticket Booking Seva (JTBS) counter on this side is also unreliable, operating during limited hours and charging twice the standard suburban fare. "There is no functioning counter during peak hours. Commuters are left without options," he added. While escalators have been installed for island platforms 2 and 3, the sanctioned lift is yet to be set up. "Even CCTV installation at the station is incomplete. Trains halt here for a long time — it's a major suburban hub. But the facilities don't reflect that," said T Sadagopan, a resident of Pattabiram. A Southern Railway official said that projects are progressing in phases under the Amrit Bharat Scheme. "Stations like Mambalam, Chennai Beach, and Park are set to be reopened this Sept. Work at Tiruvallur and other stations may take longer," the official added.
Time of India
24-07-2025
- Politics
- Time of India
Kollam and Punalur railway station works progressing rapidly: Railway minister
Thiruvananthapuram: Union railway minister Ashwini Vaishnaw said that redevelopment works at Kollam and Punalur railway stations were progressing rapidly. In response to a question from N K Premachandran, MP, in Lok Sabha, the minister said that construction of service building, substation, multi-level car parking, parcel service, building structure and Block A and B structures of the first phase of the southern terminal was completed at Kollam. "The construction of the second phase of the southern terminal, including pedestrian overpass, air concourse and platform shelter, is ongoing," he said. He added that at Punalur railway station, which is part of Amrit Bharat Scheme, the installation of lifts, new platform shelters, passenger information systems, train indication boards and coach indication boards was completed. "The construction of the circulating area, parking area, station elevation, portico, dedicated pedestrian path and new rest centre is in progress." Vaishnaw said that approval was granted for the construction of Kundara-Pallimukku railway overpass. The approach road has to be constructed by state govt. The railway general alignment and drawing (GAD) was approved. Roads and Bridges Corporation Kerala Limited, was responsible for land acquisition, he said in his reply. In the Kollam Lok Sabha constituency, permission was granted for 13 railway overpasses. The procedures related to their construction were at various stages. The construction of the overpasses depends on various factors, including the cooperation of the state govt, state's consent to close railway gates, alignment of the approach road, GAD approval, land acquisition, removal of encroachments, relocation of existing utilities, approvals from various authorities, the local environment of the construction area and weather conditions, he added. The completion of construction work depends on all these factors, said the minister.
Time of India
25-06-2025
- Business
- Time of India
Sambhv Steel Tubes IPO subscribed 31% so far on Day 1, GMP at 11%. Should you subscribe?
The IPO of Raipur-based Sambhv Steel Tubes (SSTL), a backward-integrated manufacturer of ERW steel pipes and structural tubes, opened for subscription earlier today and has been subscribed 31% so far on the first day of the bidding process, with a grey market premium (GMP) of 11%. Qualified institutional buyers (QIBs) led the response, subscribing to 38% of their quota, followed by retail investors at 32%, and non-institutional investors (NIIs) at 19% of their reserved portion. Investors can apply for a minimum of 182 shares, requiring a minimum investment of Rs 14,924 at the upper price band. Ahead of the issue opening, the GMP stood at Rs 9–10, indicating an 11% premium over the issue price. The IPO comprises a fresh issue of shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore. The proceeds will primarily be used to repay borrowings (up to Rs 390 crore) and for general corporate purposes. The stock is scheduled to list on July 2 on both the NSE and BSE. Should You Subscribe to the Sambhv Steel Tubes IPO? Geojit Financial Services – Subscribe At the upper price band of Rs 82, SSTL is valued at a P/E ratio of 44.5x (FY25E annualised), which appears reasonably priced relative to peers. SSTL is strategically positioned to benefit from India's infrastructure push, driven by schemes such as the Jal Jeevan Mission and Amrit Bharat Scheme. As a backward-integrated player with consistent financial growth, strategic sourcing efficiency, and expansion plans, the company is well-placed for long-term value creation—supporting a Subscribe recommendation for investors. BP Wealth – Subscribe BP Wealth highlights Sambhv's cost-efficient, single-location integrated facility and growing market share. Ventura Securities also recommends Subscribe, citing the company's robust distributor-dealer network across 15 states and one union territory, and its expansion into stainless steel products, which could improve margins in the future. Sambhv's product portfolio includes black pipes, hollow sections, CRFH pipes, Corten steel pipes, GP pipes, GI pipes, and more. Since commencing operations in 2018, the company has achieved vertical integration—manufacturing sponge iron, blooms, slabs, and coils in-house. This structure offers protection against input cost fluctuations and ensures supply chain reliability. ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
25-06-2025
- Business
- Economic Times
Sambhv Steel Tubes IPO subscribed 31% so far on Day 1, GMP at 11%. Should you subscribe?
The IPO of Raipur-based Sambhv Steel Tubes (SSTL), a backward-integrated manufacturer of ERW steel pipes and structural tubes, opened for subscription earlier today and has been subscribed 31% so far on the first day of the bidding process, with a grey market premium (GMP) of 11%. ADVERTISEMENT Qualified institutional buyers (QIBs) led the response, subscribing to 38% of their quota, followed by retail investors at 32%, and non-institutional investors (NIIs) at 19% of their reserved portion. Investors can apply for a minimum of 182 shares, requiring a minimum investment of Rs 14,924 at the upper price band. Ahead of the issue opening, the GMP stood at Rs 9–10, indicating an 11% premium over the issue price. The IPO comprises a fresh issue of shares worth Rs 440 crore and an offer for sale (OFS) of Rs 100 crore. The proceeds will primarily be used to repay borrowings (up to Rs 390 crore) and for general corporate purposes. The stock is scheduled to list on July 2 on both the NSE and BSE. At the upper price band of Rs 82, SSTL is valued at a P/E ratio of 44.5x (FY25E annualised), which appears reasonably priced relative to peers. SSTL is strategically positioned to benefit from India's infrastructure push, driven by schemes such as the Jal Jeevan Mission and Amrit Bharat Scheme. ADVERTISEMENT As a backward-integrated player with consistent financial growth, strategic sourcing efficiency, and expansion plans, the company is well-placed for long-term value creation—supporting a Subscribe recommendation for investors. ADVERTISEMENT BP Wealth highlights Sambhv's cost-efficient, single-location integrated facility and growing market share. Ventura Securities also recommends Subscribe, citing the company's robust distributor-dealer network across 15 states and one union territory, and its expansion into stainless steel products, which could improve margins in the product portfolio includes black pipes, hollow sections, CRFH pipes, Corten steel pipes, GP pipes, GI pipes, and more. ADVERTISEMENT Since commencing operations in 2018, the company has achieved vertical integration—manufacturing sponge iron, blooms, slabs, and coils in-house. This structure offers protection against input cost fluctuations and ensures supply chain reliability. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
23-06-2025
- Politics
- Time of India
A Raja asks railway minister to remove Hindi banners from Nilgiris station
DMK leader and Nilgiris MP A Raja has written a letter to Union Railway Minister Ashwini Vaishnaw, asking him to remove banners written in Hindi from the Udhagamandalam (Ooty) railway station in Tamil Nadu. He said that one of the quotes on the banners was wrongly credited to freedom fighter Madan Mohan Malaviya, when it was actually said by famous Tamil poet Mahakavi Bharathi. Raja said the increased use of Hindi at the station has upset many people in the state and led to public protests. He explained that the Nilgiris railway station is over 100 years old and is currently being renovated under the Amrit Bharat Scheme. However, with 90% of the work still pending, banners in Hindi have already been put up, which he said was disrespectful to the Tamil-speaking population. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like My baby is in so much pain, please help us? Donate For Health Donate Now Undo He reminded the Minister that Tamil Nadu has always valued its language and culture, and has consistently supported a two-language policy (Tamil and English). The use of Hindi in such public places is being seen by many as an unwanted imposition and a political move, he added. Raja urged the central government to respect the language preferences of Tamil people and not to make Hindi a must in places where it is not needed. He requested the removal of the banners to avoid hurting public sentiments. Live Events [With TOI inputs]
