The Indian Government has announced an investment of $793.5m (Rs65.2bn) for three rail projects in the state of Haryana.

Indian Home Minister Amit Shah will lay the foundations for the projects in a programme at Faridabad, reported the Press Trust of India.

Around $683.5m (Rs56.18bn) will be used for the construction of the Haryana Orbital Rail Corridor project.

The government will provide $71.7m (Rs.5.9bn) for the development of the rail coach refurbishment factory in Sonipat.

Furthermore, it will spend $38.3m (RS3.15bn) for the construction of the longest elevated railway track in Rohtak.

The home minister will also open the Haryana Police Residence Complex at Bhondsi, which entailed an investment of around $12.8m (Rs1.06bn).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

According to the report, heavy vehicles will be barred from entering Faridabad on 27 and 28 October.

This May, the foundations were laid for the redevelopment of five railway stations in the Indian state of Tamil Nadu.

Chennai Egmore, Rameswaram, Madurai, Katpadi, and Kanyakumari stations will be upgraded under the project with an investment of around $232m (Rs18bn).

In March 2021, the Indian Government unveiled plans to divest a 15% stake in Rail Vikas Nigam Limited (RVNL) to raise around $103m (Rs7.5bn).

In January 2003, RVNL was formed as a fully owned public sector undertaking (PSU) of the Indian Ministry of Railways.