Suresh Prabhu holds review meeting with Rail PSUs

In a Indian Railways news update, Minister of Railways Shri Suresh Prabhakar Prabhu held a review meeting with the CMD/MD of the Central Public Sector Enterprises (CPSEs) under the administrative control of Ministry of Railways. In addition, the meeting was attended by Chairman, Railway Board and other Board Members.

The Railway Minister directed that the CPSEs should ensure transparency in their working and to follow the best practices in their tenders / contracts and other activities etc. He also told the CPSEs to be ready to undertake more Railway projects which may be given to them shortly. They should be ready to leverage their resources and reserves for these projects. Funds should not be a constraint for the Railway projects.

He also directed that all the CPSEs should make all out effort to show profit and hand over healthy dividend to the Railways. Turnover / Production targets fro the financial year 2015-16 should be exceeded. Each of the projects undertaken by them should be meticulously planned. The CAPEX targets should be met without fail. It should be examined whether the production units and workshops of Railways may adopt the method of profit and loss accounting.

The CPSEs have been asked to develop their own Facebook and Twitter handle and inform the public about the good work being done by them.

The Railways CPSEs participated in the review meeting included (1) Container Corporation of India Ltd.(CONCOR), (2) IRCON International Ltd., (3) Indian Railway Catering and Tourism Corporation (IRCTC), (4) Indian Railways Finance Corporation (IRFC), (5) Konkan Railway Corporation Ltd. (KRCL), (6) Mumbai Rail Vikas Corporation (MRVC), (7) Rail Vikas Nigam Ltd. (RVNL), (8) Railtel Corporation of India Ltd. (RCIL), (9) RITES Ltd., (10) Dedicated Freight Corridor Corporation of India Ltd. (DFCCIL), (11) Burn Standar Company Ltd. (12) Braithwaite & Company Limited (13) Bharat Wqagons Engineering Ltd.(BWEL) (14) Kolkata Metro Rail Corporation Ltd (KMRCL).

IndianBureaucracy.com wishes the very best.