Forum Super Search
 ♦ 
×
HashTag:
Member:
Posting Date From:
Posting Date To:
Train Type:
Train:
Station:
ONLY with Pic/Vid:
Sort by: Date:     Word Count:     Popularity:     
Public:    Pvt: Monitor:    RailFan Club:    

Search
  Go  
Full Site Search
  Search  
 
Tue Nov 21, 2017 21:24:55 ISTHomeTrainsΣChainsAtlasPNRForumGalleryNewsFAQTripsLoginFeedback
Tue Nov 21, 2017 21:24:55 IST

Blog Entry# 1937920
Posted: Jul 22 2016 (17:32)

1 Responses
Last Response: Jul 22 2016 (17:32)
  
Rail News
0 Followers
644 views
IR AffairsCR/Central  -  
Jul 22 2016 (14:48)   Retain reduce on Container Corp of India
 

For Better Managed Indian Railways~   948 news posts
Entry# 1937920   News Entry# 274482         Tags   Past Edits
The latest data from the government highlights that India’s rail container volumes fell by 7.5% y/y in June 2016 after having recovered in April (+4.0% y/y) and May (+5.9% y/y). Domestic volumes during June fell by 16% y/y, while EXIM volumes fell by 5% y/y. Volume growth in FY16 was down 5.4% as well. Overall volumes in Q 1FY17 were up only 0.7% y/y, of which domestic volumes (17% share) were down 18% y/y, while EXIM volumes were up 6% y/y.
Lead distance for the rail container segment fell 5% y/y to 964 km in Q 1FY17. EXIM lead distance was down 5% y/y to 876km, while domestic lead grew by 2% to 1397km. Lead distance for the EXIM business is now
...
more...
down c20% from peak in Jan 2011. JNPT’s market share loss to Gujarat-based ports has been the primary reason for the weakness in EXIM lead distance. This is likely to be reflected in lower realisations for rail container players like CCRI
We continue to value CCRI using a DCF model and an unchanged WACC of 12.8%. CCRI is currently trading at a 25.5x Sept 2017e PE, while our TP implies an 18.9x PE. Our unchanged target price implies downside of c26% to the current price and we retain our ‘reduce’ rating on the stock. A faster-than-expected macro recovery and improved visibility on the Dedicated Freight Corridor’s completion timeline.

  
1439 views
Jul 22 2016 (17:32)
For Better Managed Indian Railways~   1933 blog posts
Re# 1937920-1            Tags   Past Edits
JNPT is already losing its market share to Gujrat ports, where as IRlys have unrealistically (?) expected a very bullish growth for JNPT and started the double lined Western Dedicate freight corridor from JNPT-Dadri (near Delhi). Shall the traffic in 2019 (when DFC is commissioned) from JNPT justify huge costs incurred in the DOUBLE LINE DFC?
It seems that with about similar investment, four single lined dedicated freight corridors could have been taken at the same time with provision for doubling when the freight traffic increase in next 5/10 or 15 years. SECR, ECoR, SER combined carries about 45% of total freight traffic of Indian Railways. Trunk lines of these zones (1500-2000 km length) which are carrying more freight traffic than routes
...
more...
represented by the DFCs under construction, could have been served by DFC for better national interest (within same expenditure). This could have ensured better utilization/revenues of DFC and more benefit to Indian Economy.
We planned the DFCs in 2005-6 when Indian economy and world economy was in unprecedented boom. Expecting the same rate of growth in economy for very long, we had bullish predictions for growth in freight traffic for next 15 to 20 years on two routes (Delhi-JNPT, Delhi-Sonnagar-Kolkata) and directly planed to go for double line DFCs on both routes. In the process the routes which are already carrying much more freight traffic (SECR,ECoR,SER) than these routes are totally left behind. The economic boom has subsided during the planning and drawing stage, even before the construction of DFC started. After DFCs are complete, the traffic offered shall be much lesser than the quantum expected with nonstop economic boom. The new Double line DFC shall lie underutilized one hand, crying for more freight offering in order to survive financially. On the other hand the most overworked freight lines shall continue crying for relief from freight overburden they had been carrying since long. There will definitely be over capacity in some area and under capacity in other. National economy shall suffer by way of suboptimal logistics attained after huge investment.
A retired Rly Board member has very rightly said in one of his articles that decisions in IR are taken on gut feeling rather than scientific study of data & market surveys. Whatever suboptimal outcome achieved is then any how managed. IRlys could any get away with it, thanks to monopoly enjoyed.
Historically NDLS-HWH, NDLS-BCT, NDLS-MAS are no.1,2,3 routes of IR and they remain so today and probably so forever. For passenger traffic the above 3 are really top, but when it comes to freight they are not the toppers esp. Del-MAS. Here the leaders are the SECR, ECoR, SER trunklines. Had the freight been prime concern, the best option was to cover these freight zones also in the first phase of DFC by resorting to single line instead of double line. While planning for DFCs probably more emphasis was laid on releasing extra capacities, in order to facilitate more/ faster passenger trains on the 2 premier passenger routes, rather than to relieve the premier freight routes of the country. Also private investment for a new dedicated passenger train is difficult to come.

ARP (Advanced Reservation Period) Calculator

Reservations Open Today @ 8am for:
Trains with ARP 10 Dep on: Fri Dec 1
Trains with ARP 15 Dep on: Wed Dec 6
Trains with ARP 30 Dep on: Thu Dec 21
Trains with ARP 120 Dep on: Wed Mar 21

  
  

Rail News

New Trains

Site Announcements

  • Entry# 2547009
    Oct 16 2017 (10:21PM)


    As per the recent post , the new Pax Login feature has now been introduced. Here are the details of the feature set. . 1. Now you may login to the site as a Member or a Passenger, or BOTH Member & Passenger at the same time. Passenger login is called "Pax Login"...
  • Entry# 2517609
    Oct 11 2017 (09:33AM)


    As detailed here , last month, some changes were made to the PNR section. In the next phase of this rollout, we shall be further separating "Passengers" from "Members". . 1. "Passengers" will be able to login using ONLY their PNRs (no password). We shall have a Pax Login above the current...
  • Entry# 2418661
    Sep 25 2017 (07:09AM)


    @all: There are some changes coming to the PNR Forum. 1. All PNRs will be anonymized, i.e. you won't see who posted the PNRs or search PNRs by Traveller. This is to better protect the confidentiality of travelling members and their travel plans. However, members will still be able to search their OWN...
  • Entry# 2409730
    Sep 15 2017 (11:46PM)


    In recent times, the number of FM Complaints regarding "targeting me", "offensive content", "sarcastic comment", "bashing", etc. have been increasing. This has led to increased censorship and throttling of open discussions. . This is a clarification that this site is meant for a FREE EXCHANGE of ideas. Some arguments/debates/disagreements/jokes/sarcasm are ALLOWED and are...
  • Entry# 2390218
    Aug 25 2017 (12:59PM)


    There has been a partial rollout of a modification to Timeline entries. The implementation will be complete within a week. 1. Void & RAC buttons have been removed. . 2. TL Entries can now be Edited and Fixed by the original updater, if there are errors. So there is no need to Void TLs...
  • Entry# 2175399
    Feb 23 2017 (01:22PM)


    There has recently been a lot of frustration among RFs when their Station Pics, Loco Pics, Train Pics get rejected because the "number is not showing", "shed is not visible", the loco/train is at a distance, Train Board is too small, "better pic available", etc. . To address this issue, effective tomorrow, ALL...
Scroll to Top
Scroll to Bottom


Go to Mobile site
Disclaimer: This website has NO affiliation with the Government-run site of Indian Railways. This site does NOT claim 100% accuracy of fast-changing Rail Information. YOU are responsible for independently confirming the validity of information through other sources.