Hike in Rail Freight Prices Worries Units in Noida

The decision to increase freight charges and linking them to diesel prices has created a chaos for companies based in Noida and Grater Noida, which is the largest industrial belt in northern India. The railway budget recently proposed by the Railway minister, Pawan Kumar Bansal, will take effect from 1 Apr. The freight on diesel has increased by 5.79% to 1,041.80 per tonne from `984.80 per tonne at present. read more

The decision to increase freight charges and linking them to diesel prices has created a chaos for companies based in Noida and Grater Noida, which is the largest industrial belt in northern India. The railway budget recently proposed by the Railway minister, Pawan Kumar Bansal, will take effect from 1 Apr. The freight on diesel has increased by 5.79% to 1,041.80 per tonne from `984.80 per tonne at present. read more

[via Stock Watch – Stock Specific News]

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