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<ul><li>The Indian Minister of Railways, Piyush Goyal, tweeted a video of India’s first underwater water metro on Twitter. </li><li>Some Twitter users congratulated the Indian government while others wondered why the money couldn’t be spent on fixing the trains that already exist.</li><li>A few users also questioned the motive behind the move and wondered why the investment couldn’t be used to create more jobs or reduce poverty.</li></ul>India’s getting its very first <keyword id="4642229" type="PERSON" weightage="20" keywordseo="Underwater-metro">underwater metro</keyword> and while a few think it's a good move, others are mocking the government for launching new projects without solving existing problems. The Indian Minister of Railways, Piyush Goyal, created havoc on Twitter when he shared a video of the underwater metro that is under construction under the Hoogly river in Kolkata on Twitter. 
	<div type="twitter" handle="PiyushGoyal" handlename="Piyush Goyal" image="http://pbs.twimg.com/profile_images/1138670329847373824/PocIxjW-_normal.jpg" favoritecount="12362" retweetcount="2741" status="भारत की पहली अंडर वॉटर ट्रेन शीघ्र ही कोलकाता में हुगली नदी के नीचे चलना आरंभ होगी। उत्कृष्ट इंजीनियरिंग का उदाहरण… https://t.co/wc4EYA08UP" createdat="1565254929000" id="1159389322921041922"></div>



 Twitterati chimed in congratulating Goyal and commending the progress of the Indian Railways. But there were also reactions that the layman doesn’t want a fancy new metro service, but a metro service that’s clean and functional. One Twitter user sarcastically pointed out how it will be easier for passengers to escape from a train that’s falling into the river — they’ll simply catch the underwater metro instead. 
	<div type="twitter" handle="vijunik" handlename="Vijunik" image="http://pbs.twimg.com/profile_images/1136799598079430656/uKhgMfnR_normal.jpg" favoritecount="0" retweetcount="0" status="@PiyushGoyal Chalo bahut badhiya ho jayega ,jab apni koi train nadi vadi mein gireygi ,passengers vo paani ke neech… https://t.co/s7zH2SbeFl" createdat="1565263046000" id="1159423367746707457"></div>



 The other criticism of the underwater metro was how the Indian Railways should focus on fixing products on its older trains — like unclean bathrooms, lax safety standards and food quality — rather than trying to manage a new technology. 
	<div type="twitter" handle="KabitaSharma16" handlename="kabita sharma" image="http://pbs.twimg.com/profile_images/1131274553139744768/OijeKAQM_normal.jpg" favoritecount="13" retweetcount="1" status="@PiyushGoyal सर रेलवे की अभी भी हालत ज्यों की त्यों है। कृपया इस तस्वीर को देंखे और फिर बात करें। तस्वीर हावड़ा से… https://t.co/0oRcqFfEer" createdat="1565293131000" id="1159549551398670336"></div>


 Users also pointed out that the money used for the underwater metro, that is estimated to cost ₹60 crore, might have been better spent dealing with India’s burgeoning unemployment and poverty. 
	<div type="twitter" handle="tommy_bytes" handlename="Tommy!!" image="http://pbs.twimg.com/profile_images/1035260550371057664/q9M3tdK1_normal.jpg" favoritecount="0" retweetcount="0" status="@PiyushGoyal Yaha logo ki naukriya jaa rahi he aur inko train daudana he Pani ke neeche. Alag hi level ka Vikas he! 🙏" createdat="1565269795000" id="1159451675096047623"></div>



 
	<div type="twitter" handle="SandyMantri" handlename="SANDEEP MANTRI" image="http://pbs.twimg.com/profile_images/837999926772584448/0mExMmYA_normal.jpg" favoritecount="0" retweetcount="0" status="@PiyushGoyal Are we going to get economic development through this. Or are jobs getting created. What are plans to… https://t.co/lEFxwFloPB" createdat="1565280558000" id="1159496816468979712"></div>



 Railing underwater The underwater metro is going to run along a 520 meter stretch of tunnels and is built 30 meters under the the riverbed. The total tunneling length is around 10.6 kilometers with the entire metro line constituting of 16.6 kilometers. While the underground tunnel is estimated to cost ₹60 crore, the entire East-West Metro Project has a total cost of ₹9,000 crore.

India's first underwater metro makes users wonder why normal trains can't be fixed

New Delhi, Feb 12 () Siemens Ltd on Wednesday said the company has installed an efficient power supply system with advanced passenger safety features in the Kolkata East-West Metro Project. The project of Kolkata Metro Rail Corporation Ltd (KMRCL) will be inaugurated on Thursday, Siemens said in a statement. "Siemens has successfully implemented an efficient power supply system with advanced passenger safety features for Kolkata Metro Rail Corporation Limited (KMRCL). Siemens-powered metro line is to be inaugurated in Kolkata (tomorrow)," the company said in a statement. The company added that it has designed, tested and commissioned power supply systems, including cutting-edge supervisory control and data acquisition system (SCADA) and operation control centre and advanced intelligent infrastructure features such as passenger safety and digital simulation. The solution also includes digital simulation of the entire metro rail corridor in Kolkata. The Kolkata East-West Metro Project is a rapid transit system connecting Kolkata and Howrah, it said. It has a total length of 16.1 kilometers and serves 12 stations. The installation of the system has made six elevated stations with the operation control centre and depot at central park along the 5.5-kilometer route operational. Siemens Head (Mobility) Tilak Raj Seth said, "We take great pride in partnering KMRCL in this prestigious project. The metro rail system has proven to be the most efficient mode of transportation in terms of energy consumption, space occupancy and the number of people transported." ABI HRS

Siemens provides digital solutions for Kolkata East-West Metro Project

<ul><li>The SGX <keyword id="6354813" type="UNKNOWN" weightage="20" keywordseo="Nifty">Nifty</keyword> was trading nearly a percent higher.</li><li>Here’s a list of <keyword id="73648" type="PERSON" weightage="20" keywordseo="Stocks-to-watch">stocks to watch</keyword> for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Amid mixed cues from the global market, Indian stock-market indices are likely to open lower on Friday. On Thursday, the Dow Jones Industrial Average fell 0.29% or 80.12 points, due to the newly-released US unemployment data. However, at 8:05 am, the SGX Nifty was trading nearly a percent higher. These are the <keyword id="6354298" type="DEFINITION" weightage="20" keywordseo="Stocks">stocks</keyword> to watch out for during the trading session on August 14: <keyword id="6357147" type="COMPANY" weightage="20" keywordseo="tata-steel">Tata Steel</keyword> Domestic steel major Tata Steel posted a consolidated net loss of ₹4,648.13 crore for the quarter ended June, mainly on account of reduced income. However, on a standalone basis, the company managed to maintain profitability despite a significant reduction in income. According to the filing, Tata Steel posted a standalone net profit of ₹1,193.27 crore in the quarter under review, down from ₹ 1,538.99 crore last year. The shares of Tata Steel ended flat yesterday. <keyword id="44555" type="CITY" weightage="20" keywordseo="BPCL">BPCL</keyword> Bharat Petroleum Corporation Ltd (BPCL), the highlight among the host of state-run companies put on the block by the government reported a 93% increase in its standalone net profit for the April-June quarter at ₹2,076.17 crore. The rise in profits was largely backed by a 43.22% fall in its total expenditure during the period under review to ₹48,284.06 crore. The shares of BPCL ended nearly 1% lower yesterday. <keyword id="6357252" type="UNKNOWN" weightage="20" keywordseo="Hero-MotoCorp">Hero MotoCorp</keyword> The country’s largest two-wheeler maker Hero posted a 95.38% decline in consolidated net profit at ₹57.78 crore for the first quarter ended June 30, on account of lower sales due to the coronavirus pandemic. The total income during the quarter under review declined to ₹3,119.22 crore as compared with ₹8,410.41 crore in the year-ago period. The shares of Hero ended nearly 2% lower yesterday. <keyword id="80296" type="CITY" weightage="20" keywordseo="Eicher-Motors">Eicher Motors</keyword> Eicher Motors arm VECV acquired Volvo Group’s bus business in India for ₹100.5 crore. Definitive agreements have been signed for the integration of Volvo Bus India (VBI) business into VECV, Eicher Motors said in a statement. The company also reported a consolidated net loss of ₹55 crore for the first quarter ended June 30, with sales adversely hit due to COVID-19 pandemic. The shares of Eicher ended over 2% lower yesterday. Bank of India The board of the Bank of India has approved raising up to ₹8,000 crore by preferential issue, QIP, further public offer, etc. The shares of BoI ended over 1% lower yesterday. Jindal Steel and Power Jindal Steel and Power Ltd (JSPL) has started supplying head hardened (HH) rail to Rail Vikas Nigam Ltd (RVNL) for the Kolkata Metro’s Joka-Esplanade corridor. HH rails are used in high-speed freight corridors and metro rail projects. In a statement, JSPL said the company was selected by RVNL after a bidding process to supply 3,000 tonnes of HH rails for Kolkata metro rail tracks. The shares of JSPL ended nearly 2% higher yesterday. SpiceJet and IndiGo SpiceJet's passenger load factor in July was at 70% up from 68% in June. However, the market share declined from 16.8% in June to 15.7% in July. Similarly, IndiGo's passenger load factor in July was almost flat at 60.2%. However, its market share in July was up at 60.4% compared to 52.8% in June. The shares of SpiceJet and IndiGo ended over 2% and 12% higher, respectively, yesterday. Hindalco, Berger Paints, Glenmark Pharmaceuticals, Voltas These companies are slated to report their first quarterly earnings today. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/eicher-motors-registers-first-ever-net-loss-of-55-crores-in-at-least-a-decade/articleshow/77526012.cms" data-type="tilCustomLink">Eicher Motors registers first-ever net loss of ₹55 crore in at least a decade</a> <a href="https://www.businessinsider.in/business/startups/news/masayoshi-son-best-bet-for-future-profit-is-paypay-in-japan-built-on-vijay-shekhar-sharma-paytm-model-in-india/articleshow/77518892.cms" data-type="tilCustomLink">Masayoshi Son’s best bet for future profit is PayPay in Japan⁠ — built on Vijay Shekhar Sharma’s Paytm model in India</a>

Top stocks to watch today—IndiGo, SpiceJet, Hero MotoCorp, BPCL, Tata Steel, Glenmark Pharma and others

New Delhi, Nov 27 () JSW Cement is aiming to nearly double its production capacity to 25 million tonne per annum by 2023 by investing around Rs 2,875 crore and be among top five cement makers.
The investment would fund the expansion plans through a combination of debt and internal accruals, JSW Cement, part of USD 14 billion JSW Group, said in a statement. 
The company is planning to expand manufacturing capacity at its Odisha-based subsidiary Shiva Cement. It is also looking at ramping up capacity at its other units to reach the target. 
"As part of our strategy to play a significant role in India's infrastructure growth story, we are revising our overall cement capacity targets to 25 MTPA by 2023," said JSW Cement Managing Director Parth Jindal.
According to him, after completion of the capacity expansion, JSW Cement will be among top 5 Indian cement companies. 
The company's current capacity is 14 MTPA.
"JSW Cement's aggressive ramp up in capacity will entail a capex investment of approximately Rs 2,875 crore (including the planned capex at Shiva Cement)," the company said.
The company, which supplies cement to various infrastructure projects including Mumbai Metro, Kolkata Metro Rail, Coal India Project, AP State Housing Projects, among others, is sensing growth opportunity in the Portland Slag Cement (PSC).
"The growth opportunity for PSC is visible in the number of infrastructure projects that now uses JSW's PSC across India," it said adding the company is becoming a preferred green cement supplier for most of these projects. 
According to the statement, in the South, JSW Cement plans to add 3.6 MTPA capacity to take its overall green cement capacity to 11.6 MTPA. 
In the West, JSW Cement plans to add 2.4 MTPA taking its overall cement capacity to 4.6 MTPA. 
In eastern India, it is adding the largest chunk of production capacities of over 5 MTPA taking its capacity to 9 MTPA. 
"The capacity ramp up will be at manufacturing units at Salboni, West Bengal where the company will add 2.4 MTPA, Jajpur, Odisha facility with an addition of 1.8 MTPA along with 1 MTPA capacity addition at Shiva Cement," it said.
According to the Cement Manufacturers Association, India's cement industry has an installed capacity of 502 MTPA comprising about 250 large cement plants.
Adity Birla group firm UltraTech is the leading producer, which has a consolidated capacity of 117.35 MTPA of grey cement. KRH

 ANU

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India's first underwater metro makes users wonder why normal trains can't be fixed

Prabhjote Gill

Siemens provides digital solutions for Kolkata East-West Metro Project

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Top stocks to watch today—IndiGo, SpiceJet, Hero MotoCorp, BPCL, Tata Steel, Glenmark Pharma and others

Navdeep Yadav

JSW Cement to double production capacity to 25 MTPA by 2023

PTI

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