Showing posts with label Indian Railways. Show all posts
Showing posts with label Indian Railways. Show all posts

Tuesday, August 14, 2018

RRB ALP & Technician exam 2018: How to download admit card for Aug 17 CBT

In the first stage exam, out of 119,110 around 111,332 aspirants appeared for the RRB exam at 416 centres across 160 cities
Schedule for e-call letter/Admit card download for the 1st stage CBT

RRB Exam 2018: The Railway Recruitment Board (RRB) has now activated the links to download admit card for Assistant Loco Pilot and Technician on Monday, August 13, 2018, for the exam to be held on August 17, 2018. The candidates can download the RRB ALP and Technician Admit Card and RRB Group D admit card (hall ticket) from the official websiteindianrailways.gov.in.
For direct link of respective zones click here
In the first stage of the exam, out of 119,110 around 111,332 aspirants appeared for the RRB exam at 416 centres across 160 cities.
No call letters would be sent via e-mail. Candidates should, therefore, note that they must download these from the right website. Admission to the examination hall without the call letter/admit card/hall ticket is strictly prohibited.
Here's how to download the RRB ALP admit card 2018:
Step 1: Candidates can go to the official website of the RRB zone for which he/she made the application, or visit indianrailways.gov.in
Step 2: Click on the recruitment tab available on http://indianrailways.gov.in
Step 3: Then it will take you to the list of RRBs portals (zone-wise)
Step 4: Candidates can click on the relevant RRB website
Step 6: Then you have to click on the link named Admit Card of 1st stage Computer Based Test (CBT) for recruitment to ALP & Technicians Centralized Employment Notice No. 01/2018(English) (more)

Monday, June 18, 2018

RITES IPO opens for subscription on June 20. Should you invest?

Established in 1974, RITES has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East

The initial public offer (IPO) of RITES – a government-owned railway consultancy firm and a Miniratna (Category – I) Schedule ‘A’ Public Sector Enterprise – opens for subscription on June 20. The price band for the issue has been fixed at Rs 180-185 a share (discount of Rs 6 per share for retail shareholders and employees), and the government aims to raise up to Rs 460 crore via this sale. The issue closes on June 22.
Established in 1974, RITES has undertaken projects in over 55 countries including Asia, Africa, Latin America, South America and Middle East regions. It is the only export arm of Indian Railways for providing rolling stock overseas (otheRITES IPO, IPO, Angel Broking, Centrum Wealth, Arihant Capital, Indian Railways, Infrastructure, PSU IPO, Markets, Market newsr than Thailand, Malaysia and Indonesia).
Going ahead, the company plans to scale up operations in the transport infrastructure space (expansion into turnkey railway, airport, metro projects etc.) along with strengthening its international operations, reports suggest.
So, should you subscribe to this IPO? Here's what leading brokerages across the country suggest.
ANGEL BROKING
In terms of valuation, pre-issue price-to-earnings (PE) works out to 12x of annualised FY18 earnings per share (EPS) of Rs 17 (at the upper end of the issue price band), which is reasonably priced considering: (a) 3.5x of order book with execution capability and experienced management, (b) maintaining the RoE level in the range of 17- 18%, (c) diversified client base and (d) increasing opportunity of revenue from Railways due to new investment in electrification and infrastructure.

Also Read: Investors will know we are here for 44 yrs, like an Indian MNC: RITES CMD
Given that the RITES is a preferred consultant of Indian Railways along with other government authorities with exposure in international operation and fair valuation of issue, we recommend subscribing to issue.
CENTRUM WEALTH
Over FY13-17, RITES registered revenue and PAT CAGR of 9% and 11%, respectively. Average earnings before interest, taxation, depreciation and amortisation (EBITDA) margins and return on equity (RoE) over the period stood at 28% and 18%, respectively. RITES is a virtually debt free company.
At the higher end of the price band of ₹185, the issue is priced at P/E of 10.5x (post dilution) on FY17 and 11.4x on 9MFY18 (annualized) basis, which we believe is attractive. The company has no listed peer. Given RITES competence along with good track record, healthy financials and attractive valuations, we suggest that investors Subscribe to the issue.

Thursday, June 14, 2018

Hate trains running late? Here's Indian Railways' worst performing division

Though Railways has made an all-out effort to prevent delays by improving the punctuality rate, Mail and Express trains are sometimes running more than 5 to 10 hours behind schedule
Howrah Division in Bengal is the worst performer as far as trains running on time is concerned, with a punctuality performance of only 34 per cent for the week ended June 3. It is closely followed by Lucknow Division with 39 per cent.
Curiously, an above 80 per cent punctuality rate is considered "reasonable" for Indian Railways, one of the largest railway systems in the world. Currently, Indian Railways' overall punctuality rate is about 65 per cent -- not an ideal situation for authorities or passengers.
Railway Board Chairman Ashwani Lohani has said: "At the moment, punctuality rate is 65 per cent and I am not satisfied."
Zone-wise, South East Central's punctuality performance has remained at the bottom at 44 per cent followed by North Central's 47.5 per cent, according to Railways data.
However, Bhavnagar has fared extremely well with 99.27 per cent while Sealdah Division has clocked 98.19 per cent in the week from May 28 to June 3 this year.
Delhi Division's performance is below the 65 per cent mark at 64.64 per cent, while Mumbai Division is even worse at 55.5 per cent for the same period.
Though Railways has made an all-out effort to prevent delays by improving the punctuality rate, Mail and Express trains are sometimes running more than 5 to 10 hours behind schedule, causing much inconvenience to passengers.
Even premium trains like Rajdhani, Shatabdi, and Duronto are running late in some sectors due to various reasons, including ongoing track renewal and maintenance, bridge repair and speed restrictions.
"In order to ensure safety, Railways has undertaken a massive track renewal job, replacing old and aged lines in a concerted manner," a senior official involved with safety operations told IANS. He added that track renewal is underway in almost every section.
Since track renewal is a priority now, lines are blocked for the work, which causes the trains to run slow.
The tracks fit for 110 km to 130 km per hour speed are also witnessing the slowdown effect, with even the Rajdhani service being hit.
Besides Lucknow, other divisions of the Northern Zone are also performing badly on the punctuality front with Moradabad's being a low 40.14 per cent.

Thursday, May 26, 2016

Swachh Bharat, Digital India score poorly, top rating for Railways

The National Democratic Alliance government under Prime Minister Narendra Modi has kicked off a two-part survey where the people will rate its policies and initiatives as it completes two years in office. Thousands have already joined in to answer the 30 questions covering anything from foreign policy to signature schemes such as Swachh Bharat, Digital India and Make In India, hosted on the citizen engagement platform mygov,in.
While Make in India, ease of doing business and controlling corruption figure somewhere in the middle of the ratings, other schemes such as Swachh Bharat, Digital India and unearthing black money have scored the least.
Initial data captured on the portal will make Railway Minister Suresh Prabhu happy. More than 74 per cent of the people who have participated in the survey so far have given 5 stars to the government effort in modernising Indian Railways, taking it to the top position out of a total of 15 schemes. Only 1.04 per cent of the people have given it 1 star. Transport Minister Nitin Gadkari is next with 65.8 per cent people giving 5 stars to government efforts in providing highway connectivity. It is the only sector where nobody has given it the lowest grade of 1.
The NDA's foreign policy has scored high as well with 63.21 per cent giving the initiative 5 stars. It got 1 star from 3.63 per cent of the respondents. The PM himself has mostly been at the forefront of the foreign policy initiatives, though Foreign Minister Sushma Swaraj is also seen having contributed to the overall effort.Click here to read the full article.