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Interim Railway Budget on track; stocks remain mixed

No surprises as railway minister Mallikarjun Kharge's announcements made in his speech today while presenting the interim railway budget, were largely on expected lines

SI Reporter Mumbai
Railway-related stocks are trading mixed after presentation of the interim Railway Budget for 2014.

At 12:25pm, Titagarh Wagons scrip was up 0.76%, BEML jumped 1.87%, Kalindee Rail Nirman inched 1.13 % higher while  Kernex Microsystems was down 1.08% and Hind Rectifiers slipped over 7%.

Among major announcements that Kharge made was the inclusion of the north-eastern states of Meghalaya and Arunachal Pradesh on the railway map by FY 2015, which until now enjoy very low connectivity.

The minister also announced the completion of the 11.2-kilometre-long banihal -qazigund rail link in Jammu & Kashmir, terming it as "landmark project. 2270-km of new rail tracks in five-year plan period, 4556 km of electrification in five-year plan period were also announced, surpassing the planned target of 45,00 kms for electrification.
 

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First Published: Feb 12 2014 | 12:58 PM IST

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