April 20, 2024 21:10 (IST)
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SAIL welcomes Rail Budget 2015-16
New Delhi, Feb 26 (IBNS): Steel Authority of India Limited (SAIL) on Thursday welcomed the Rail Budget 2015-16, which was presented by Union Railways Minister Suresh Prabhu.
Welcoming the Rail Budget 2015-16, SAIL Chairman CS Verma said, "The budget is indeed growth oriented, laying down clearly a road map for next five years with an investment of 8.5 lakh crores. Thrust on capacity augmentation for Indian railways including up-gradation of network, increasing of track capacity, gauge conversion and track doubling and tripling would lead to improved steel consumption, which we welcome."
"The increase in annual freight capacity to 1.5 billion from existing 1 billion, improved speed for freight traffic and increasing load on freight lines would lead to quicker and cost effective goods movement, which is vital for steel industry," said he.
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