logo
Rly board member inspects BLW

Rly board member inspects BLW

Time of India10-06-2025
1
2
3
Varanasi: Additional Member (Production Units) of the Railway Board Sanjay Kumar Pankaj visited Banaras Locomotive Works (BLW) on Tuesday for an inspection.
The inspection began at Critical Measuring Machine room in New Block Shop, where Pankaj reviewed the manufacturing process, technical efficiency and quality standards.
He also visited other production areas, including the Turbo Assembly Shop, Light Machine Shop , Engine Erection Shop, Engine Test Shop, Loco Assembly Shop , and Loco Test Shop.
During his visit, he observed the first aerodynamic design-based WAP-7 electric locomotive and appreciated the specially designed crew comfort cab and waterless urinals. A review meeting was held in the administrative building. BLW GM Naresh Pal Singh was also present.
Principal chief electrical engineer Sushil Kumar Srivastava highlighted BLW's achievements, technological advancements, and future plans.
Further, technical insights on the aerodynamic WAP-7 locomotives were presented by chief design engineer (electrical) Anurag Gupta, while principal chief mechanical engineer Vivek Sheel shared details about BLW's exported and diesel locomotives. tnn
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Carney effect: The G-7's new cast bodes well for the world's future
Carney effect: The G-7's new cast bodes well for the world's future

Mint

timea day ago

  • Mint

Carney effect: The G-7's new cast bodes well for the world's future

Gift this article As military warfare grew menacing and fearsome in June, the 50th anniversary G-7 meeting in mid-June became a non-event. But because it was held in Canada during a Canadian presidency of the G-7, it highlighted the arrival on the world stage of Mark Carney, the new prime minister of the host country, who has a global reputation for foresight and adroit management of economic turbulence. As military warfare grew menacing and fearsome in June, the 50th anniversary G-7 meeting in mid-June became a non-event. But because it was held in Canada during a Canadian presidency of the G-7, it highlighted the arrival on the world stage of Mark Carney, the new prime minister of the host country, who has a global reputation for foresight and adroit management of economic turbulence. Carney could mark an important start in recognition by the G-7 leadership of the role they must play in the fight to contain the usage of—and damage from—fossil fuels. Paradoxically, the immediate fallout feared from the West Asia war was that it would choke supplies of those very fuels on which we in India, and the rest of the world, depend so critically for our day-to-day needs. War itself is the most wasteful and indiscriminate use of fossil fuels. Carney has the distinction of having been governor not merely of the Bank of Canada over a five-year term from 2008 to 2013 beginning six months prior to the global financial crisis, but subsequently of the hoary Bank of England over the seven years from 2013 to 2020, which covered Brexit in 2016 and post-Brexit political turmoil. He holds a doctoral degree in economics from Oxford University. Economists like to believe that members of their profession, with the requisite macroeconomic understanding and skills, can effectively steer the monetary authority of any country. Also Read: Mint Quick Edit | Carney's poll vault: India's impressed too In the event, Carney's tenure as governor of the Bank of England was hugely successful. His reputation for having anticipated the global crisis of September 2008 as governor of the Bank of Canada with a policy rate cut clearly weighed in the decision to appoint him. But then again, he did not face as onerous a task as his counterpart Ben Bernanke in the US. Canadian banks had not been plunged like those in the US, because of stringent banking regulation (by an independent regulatory agency). The British trust in Carney was well rewarded. Brexit was so messy and politically fraught that the only stable overseeing authority was the Bank of England under a Canadian governor. The late Stanley Fischer also held monetary policy responsibility in the US and Israel, but both were home countries for him. Carney is, therefore, unique for having been invited on the strength of his known professional competence alone to steer economic policy in a major country other than his own. As Prime Minister of Canada, he can paint on a larger canvas. The G-7 is a club of first movers on fossil fuel usage and it can lead the way to contain the damage that has resulted. Also Read: Mint Quick Edit | The G7's China alarm suits India India, projected to be among the worst affected by global warming, was fortunately among the invitees to the June G-7 meeting. The meeting was overshadowed by compelling events for the host Prime Minister to shift to longer-term—albeit urgent—issues. But evidence of his line of thinking is obtainable from his speeches at the annual Jackson Hole meetings in the US of central bankers, where in 2019 he spoke of the need for concerted action on climate change. As Canada's Prime Minister, he seemingly went into reverse gear when his first move was to end a nation-wide carbon consumer tax introduced in 2019, which had replaced an earlier patchwork of uneven province-level carbon taxation. The new levy structure continued to be complicated (it was more of an administered price floor than a tax), and was unpopular despite rebates for poorer households. Carney did, however, retain the tax on large industrial emitters, including the all-powerful oil industry, and cleverly revamped it to incentivize emission reduction directly at the point of emission. The reformed package is simpler, jettisons the previous parallel focus on revenue generation, and shifts the focus decisively towards the green objective. It is a brilliant example of effective taxation reform towards a single clearly defined objective. Also Read: Why economist-turned-politician Mark Carney is Canada's big hope Carney, as Prime Minister, has spoken of a low carbon housing policy favouring densification over housing sprawl. This is the direction in which settlement patterns in North America must move, but for a politician to even enunciate his support takes courage. However, any reduction in energy intensity can only result from incremental change in the location of housing, which is a slow process. Also, at the 2019 Jackson Hole meeting, Carney suggested a new synthetic currency, as a network of central bank digital currencies, to replace the US dollar in trade invoicing. I had difficulty at the time visualizing how that system might work, and why a readily available substitute like Special Drawing Rights (SDRs) might not do as well. Trade invoicing has to be easily understood and operable. But the actual system suggested is not as important as the sponsorship of the idea by a G-7 member. The G-7 2025 meeting was held in Kananaskis, a 'treaty region' granted to the original tribal residents of Canada. The location offers hope that G-7 countries will take on board the obligations of winners and recognize that when disruptive events take hold, even the winners lose. The G-7 presidency will pass on to France next year and thereafter to the US. The author is an economist. Topics You May Be Interested In

Apollo eyes 20-23% growth in new co; says restructuring to unlock value
Apollo eyes 20-23% growth in new co; says restructuring to unlock value

Business Standard

time3 days ago

  • Business Standard

Apollo eyes 20-23% growth in new co; says restructuring to unlock value

Apollo Hospitals Enterprise Ltd (AHEL) on Tuesday said its ongoing restructuring aims to unlock the value of its omni-channel pharmacy and digital businesses, while enhancing shareholder returns. The newly formed entity is expected to achieve a year-on-year growth rate of 22–23 per cent, driven by the e-pharmacy segment and other business verticals, with a revenue target of Rs 25,000 crore by FY27. The digital health platform is also expected to break even within the next financial year. On Monday, the Chennai-based AHEL announced plans to spin off its digital health and pharmacy distribution businesses into a separate entity, with plans to list the new entity within 18 to 21 months. As part of the restructuring, the company's omni-channel pharma and digital health business, Apollo HealthCo, will first be demerged from AHEL into a new entity, following which its pharma distribution arm, Keimed, will be merged into the new company. Its current revenue stands at around Rs 16,300 crore. The company has stated plans to achieve a revenue run rate of Rs 25,000 crore by FY27 with 7 per cent EBITDA margins, said Suneeta Reddy, Managing Director, Apollo Hospitals Enterprise. After the entire restructuring process—expected to be completed by the listing of the new company by February 2027—the new entity will include the digital health platform Apollo 24/7, the offline pharmacy business of Apollo HealthCo, Keimed, and the telehealth services business. 'We are looking at a growth of around 22 per cent to 23 per cent on a year-on-year basis. In the first two quarters—Q4 and Q1 of this year—we have been able to beat that number reasonably well, and I believe that traction is on. It will primarily come from the e-pharmacy business, wherein we have started touching around Rs 165 crore to Rs 170 crore on a month-on-month basis between the platform and some of the other supporting engines,' said Madhivanan Balakrishnan, Chief Executive Officer of Apollo HealthCo. 'Both the consult business and the diagnostic business, which we work very closely with Apollo Hospitals, are also showing an uptick. There are two more lines of business which we are adding—one is insurance, which is in the early stages; that will also contribute to growth, not just as a standalone line of business but also as a feeder into our primary pharmacy and healthcare lines of business. 'And third, this year we see a reasonable amount of GMV—also more than GMV—revenue coming from our monetisation initiatives. We are reasonably confident of 20 to 25 per cent growth between both AHEL as well as Keimed once it comes through,' Balakrishnan added.

Apollo Hospitals share price jumps over 4% 50 52-week high on plans to list digital health, pharmacy businesses
Apollo Hospitals share price jumps over 4% 50 52-week high on plans to list digital health, pharmacy businesses

Mint

time3 days ago

  • Mint

Apollo Hospitals share price jumps over 4% 50 52-week high on plans to list digital health, pharmacy businesses

Apollo Hospitals share price rallied over 4% to hit 52-week high on Tuesday after the company's board approved separate listing of its omnichannel pharmacy and digital health businesses within 18-21 months, as part of reorganisation exercise to unlock value. Apollo Hospitals shares jumped as much as 4.7% to a fresh high of ₹ 7,583.30 apiece on the BSE. The board of directors of Apollo Hospitals Enterprise and Apollo HealthCo, a subsidiary of the healthcare major, have accorded in-principle approval for the composite scheme of arrangement. The scheme entails the demerger of the Omni Channel Pharma and Digital Health business - comprising the telehealth business of Apollo and its investment in Apollo HealthCo Ltd - into a new entity. Following the demerger, the scheme provides for the amalgamation of Apollo HealthCo with the new entity. This will subsequently be followed by the amalgamation of Keimed Pvt Ltd with NewCo (new entity). 'The proposed transaction will result in the creation of the largest, integrated omni-channel healthcare eco-system with a FY25 revenue of ₹ 16,300 crores ($1.9 billion) in FY25,' Apollo Hospitals said in a release. The business will comprise - Apollo 24/7, the digital health platform; the offline pharma distribution of AHL; Third party pharma distribution of Keimed; and telehealth services of AHEL. 'The combination of businesses is anticipated to generate substantial synergies, and the New Co is expected to achieve a revenue run rate of ₹ 25,000 crores ($2.9 billion) by FY27,' the company added. Upon the effectiveness of the Scheme, the new entity will become an Indian Owned and Controlled Company (IOCC) and will apply for listing on the stock exchanges, it added. The listing is expected within 18-21 months, the healthcare major said. For every 100 shares of Apollo Hospitals Enterprise, the shareholders of Apollo Hospitals Enterprise will receive 195.2 shares of NewCo, enabling their direct participation in the value unlock. Upon becoming an IOCC, the entity also proposes to consolidate the front-end pharmacy business by acquiring the remaining 74.5% stake in Apollo Medicals Pvt Ltd (AMPL), which owns 100% of Apollo Pharmacies Limited (APL), it said. Apollo Hospitals Enterprise will retain a 15% stake in the 'NewCo' to ensure an integrated, seamless, and comprehensive healthcare offering across the patient lifecycle, it added. Apollo Hospitals Enterprise MD Suneeta Reddy said the proposal enables the healthcare provider's shareholders to gain direct shareholding to country's largest omni-channel pharmacy and digital health platform. Apollo Hospitals share price has risen 9% in one month, and more than 12% in three months. The stock is up just 1% on a year-to-date (YTD) basis, but has rallied 22% in one year. Apollo Hospitals shares have delivered mutlibagger returns of 466% in the past five years. At 10:15 AM, Apollo Hospitals share price was trading 3.28% higher at ₹ 7,480.00 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store