Planned East Coast Freight corridor is top priority: DFCCIL MD
The proposed East Coast
Freight Corridor
is 'top most priority' for approvals among the three new proposed dedicated cargo tracks according to Praveen Kumar, Managing Director (MD) of
Dedicated Freight Corridor Corporation
of India Limited (
DFCCIL
). Speaking to ET on the sidelines of the Global Heavy Haul Seminar, Kumar said detailed project reports for three new freight corridors worth Rs 4.5 lakh crore have been prepared and sent for approvals to the Railway Boards.
DFCCIL has proposed the East Coast Freight Corridor which will run from Kharagpur (West Bengal) to Vijaywada (Andhra Pradesh), an East West Corridor that runs between Kharagpur and Palghar (Maharashtra), and a North South Freight Corridor from Vijaywada to Itarsi (Madhya Pradesh).
'The first priority (for approvals) is the East Coast, followed by East – West, and then North – South,' Kumar said while responding to queries on the plans for DFCCIL once the Western DFC is complete later this fiscal.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
If You Eat Ginger Everyday for 1 Month This is What Happens
Tips and Tricks
Undo
He said discussions have also been held for refinancing Rs 5,000 crore worth World Bank loans availed by the DFC. According to Kumar, deliberations have been held with the
Indian Railway Finance Corporation
(IRFC) for the same but other government-owned lenders have also expressed interest.
The MD also said IRFC may be approached for financing future DFC projects.
Live Events
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
31 minutes ago
- India.com
FASTag Annual Toll Pass At Rs 3,000: How To Activate, Check Validity, Eligibility, And Benefits – How Much You Can Save
photoDetails english 2919651 FASTag Annual Toll Pass: The Ministry of Road Transport and Highways has introduced a new FASTag Annual Plan, starting at Rs 3,000, which will be available from August 15, 2025. The pass allows up to 200 toll-free trips or one year of usage—whichever comes first—after which it will automatically revert to regular FASTag mode. Vehicle owners with an existing FASTag don't need to purchase a new one, as the Annual Pass can be linked to their current tag, provided it meets the eligibility criteria set by NHAI. This new system aims to resolve common issues such as frequent toll deductions, delays at toll booths, and inconsistent charges, offering private vehicle users a smoother, more cost-effective travel experience. Updated:Jun 21, 2025, 05:02 PM IST New FASTag Annual Plan Announced 1 / 7 Union Minister Nitin Gadkari has introduced a new FASTag-based annual toll pass for private vehicles, aiming to simplify toll payments and offer greater convenience to non-commercial vehicle owners across India. FASTag Annual Toll Pass: Exclusive To Private Vehicles Only 2 / 7 The Annual Pass is designed solely for non-commercial private vehicles, including cars, jeeps, and vans. It is not applicable for trucks, buses, or other commercial transportation vehicles operating on Indian highways. FASTag Annual Toll Pass: Excludes State And Private Roads 3 / 7 The FASTag Annual Pass will not be valid on state highways, privately managed toll roads, or expressways not operated by the National Highways Authority of India (NHAI), limiting its usage area. FASTag Annual Toll Pass: How To Activate 4 / 7 To activate the FASTag Annual Pass, your vehicle and FASTag will first be checked for eligibility. If they qualify, you'll need to pay Rs 3,000 for the base year 2025–26 using the Rajmargyatra app or the NHAI website. Once the payment is confirmed, the annual pass will be activated on your registered FASTag. FASTag Annual Toll Pass: Validity 5 / 7 Once activated, the toll pass offers free access for up to 200 trips or one year—whichever comes first—eliminating the need for repeated toll payments for regular highway commuters. FASTag Annual Toll Pass: Eligibility 6 / 7 To be eligible for the FASTag Annual Pass, the vehicle must have a valid registration and an active, functional FASTag. FASTag Annual Toll Pass: Benefits And Savings 7 / 7 The FASTag Annual Pass offers significant advantages for frequent highway travelers. Regular users can save up to 70% on toll expenses over time. Unlike traditional FASTag usage, there's no need to recharge for every trip, making travel more seamless and hassle-free. Adding further, once the pass expires—after one year or 200 trips—it can be conveniently renewed using the same online process, ensuring continued access without complications.
Business Standard
31 minutes ago
- Business Standard
Interarch Building bags Rs 80-cr order from Ather Energy
Interarch Building Solutions announced that it has secured an order worth Rs 80 crore from Ather Energy for the design, engineering, manufacturing, supply, and erection of pre-engineered steel building systems. The project, valued at Rs 80 crore, is scheduled for completion within nine months, with a 10% advance to be paid along with the order. Interarch Building Solutions provides turnkey pre-engineered steel construction solutions in India. Ather Energy is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, and supporting software systems. On Friday, shares of Interarch Building Solutions added 1.43% to close at Rs 2,061, while shares of Ather Energy rose 0.53% to end at Rs 320.75 on the BSE.
Time of India
31 minutes ago
- Time of India
Agriculture self-reliance: Govt says oilseeds and pulses output growing faster; MPs raise alarm over costly edible oil imports
The government has told a parliamentary committee that domestic production of pulses and edible oils has risen at a greater pace in the last 10 years compared to the previous decade, even as several MPs voiced concern over the country's continued dependence on imports to meet demand. Tired of too many ads? go ad free now In a presentation to the Standing Committee on Agriculture, Animal Husbandry and Food Processing, the agriculture ministry said imports accounted for 15.66 million metric tonnes (MMT), or 56 per cent, of the total domestic demand for edible oils in 2023-24. Sources said the ministry, during the committee meeting held on June 20, emphasised the ongoing efforts to achieve self-sufficiency, PTI reported. It noted that oilseeds production rose by 55 per cent between 2014-15 and 2024-25, with the third advance estimate pegging production at 426.09 lakh tonnes in the last fiscal. In contrast, the growth in oilseeds output was only 13 per cent in the 2004-05 to 2014-15 period. MPs also expressed concerns over public health, particularly in connection with India's high dependence on imported palm oil, which is relatively cheaper. Some members flagged possible health hazards associated with palm oil consumption. The ministry said the country's dependence on edible oil imports is costing more than Rs 80,000 crore annually. Based on the data presented for 2023-24, India's domestic production was adequate to meet the demand for mustard and groundnut oils. However, the country had to import 3.49 MMT of sunflower oil against a domestic consumption of 3.55 MMT and imported more than 60 per cent of its soybean oil needs. On pulses, the ministry said their production rose by 47 per cent between 2014-15 and 2024-25—a period when the BJP-led NDA was in power—compared to a 31 per cent increase in the decade before, under the Congress-led UPA government. Tired of too many ads? go ad free now Some MPs suggested incentivising farmers who traditionally grow paddy and wheat to shift towards pulses and oilseeds. The ministry also elaborated on the government's roadmap to achieve 'aatmanirbharta' or self-reliance in pulses and oilseeds by 2030-31. These plans were detailed in the Union Budget earlier this year. Among the challenges flagged by the ministry was that 75 per cent of pulse crops are rainfed and grown on marginal lands with low fertility by small and marginal farmers. The sources added that the presentation also covered the government's national campaign to promote 'optimal utilization of edible oils and its health benefits' in line with Prime Minister Narendra Modi's call for a 10 per cent reduction in their intake to boost overall fitness.
