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IRCTC, BHEL in talks to run private trains


By
siliconindia  |  Tuesday, 03 August 2021, 05:45 Hrs
State-run Indian Railway Catering and Tourism Corporation (IRCTC) is holding a discussion with Bharat Heavy Electricals (BHEL) to enter into an alliance to run private trains. Both the public sector undertakings (PSUs) are actively considering forming a Special Purpose Vehicle (SPV) to operate passenger trains on the routes where IRCTC has put in bids.
“BHEL will be putting in the money required for private rail service, while IRCTC is going to focus on operational requirements,” an official aware of the updates. He continued on to add that the business model of IRCTC has not been capital expenditure oriented. It has only created the ability to enhance operations. ....

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Tech Mahindra Share price: Stocks in the news: Sun Pharma, Tech Mahindra, PVR, Concor and Raymond


PVR: The eading multiplex chain operator reported a consolidated net loss of 219.55 crore for the first quarter ended June 2021, due to a hit on its film exhibition business amid Covid-induced lockdowns. The company had posted a net loss of Rs 225.73 crore in the April-June quarter a year ago.
Container Corporation of India: The state-owned Concor reported 409.67 per cent surge in consolidated net profit to Rs 251.22 crore for the first quarter ended June 30. The company had clocked a net profit of Rs 49.29 crore in the year-ago period, the multi-modal logistics company said.
TVS Motor Company: The two-wheeler maker reported a consolidated net loss of Rs 15 crore for the first quarter ended June 30. The company had reported a net loss of Rs 183 crore in the April-June quarter of the 2020-21 financial year. ....

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