they totally deserve it
karma coming back to bite them where it hurts the most.
always saw this area in ECoR for its freight potential, now even that freight is deserting them.
also, IR is very expensive when it comes to freight rates, and RINL, just like other steel companies like SAIL is struggling financially. notice how they gave earnings (EBITDA) but not profits....
more... this might be their attempt to help reduce transportation costs, as govt is focusing on all forms of transport except railways as privatization or rational thinking in that field wouldn't suite their political agenda well, and their focus elsewhere is helping in driving down the costs in those sectors.