Rail Companies

L&T signed an agreement with NHSRCL for track works on the 157 km Maharashtra section of the Mumbai-Ahmedabad Bullet Train project, including four stations and a depot at Thane

PSU railway stocks trade at several times book value (net worth) and at very rich price-earnings (P/E) multiples, the Kotak report said

Railway-related stocks such as IRCTC, RVNL, Texmaco, RailTel and Container Corp are testing support on the long-term charts; as long as these supports are respected a pullback rally seems possible.

Under the Metro Railways Act, obstruction acts are punishable by fine of Rs 10,000, or imprisonment of up to 4 years, or both

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The stock has rallied a solid 252 per cent so far in FY24, while the Sensex has gained 11 per cent.

The company will continue to receive timely funding from the government through favourable lease agreement, owing to its strategic role as a dedicated funding arm of Indian Railways

Railway stocks: In the upcoming budget, the railways has reportedly sought gross budgetary support (GBS) of Rs 1.5-1.8 trillion over the Rs 1.37 trillion figure earmarked during Budget 2022-23

The coaches are capable of running at an optimum speed of 160 kilometres per hour

As mass rapid transportation penetrates cities like Kochi, Jaipur and Lucknow, it throws open opportunities for companies like Alstom, Bombardier and Hyundai Rotem. Contracts for rolling stock, signalling and electric systems have helped these companies to put up manufacturing units, too. Now, the blue print for metro services in two cities in Madhya Pradesh--Indore and Bhopal is also ready. In all, the government has identified nearly 50 Tier II cities and towns for modern metro systems and herein lies the the next big wave of business for the companies. The Indore metro project is expected to come up at a cost of Rs 7,522.63 crore including financial cooperation from Asian Development Bank (ADB) and New Development Bank (NDB). The Bhopal metro rail project will come up at an estimated cost of Rs 6,962.92 crore and is being funded by European Investment Bank (EIB).The expected spend in Metro rail for India over the next three to five years is in the range of Rs 2.3 lakh crore. ...