L&T, NCC gain up to 2.5%, Ashoka Buildcon surges 11% on govt's infra push

MEP Infrastructure was up around 4.5 per cent to Rs 18.70 on the BSE.

Shares of infrastructure stocks such as Larsen & Toubro (L&T), NCC, Ashoka Buildcon, among others traded in the green on Monday after the Prime Minister Narendra Modi, in his Independence Day speech on Saturday, unveiled plans for a push to the infrastructure sector. The goal, he said, is to make India a global manufacturing hub. While a Rs 110 trillion pipeline of national infrastructure projects is being created to boost the economy and create jobs, nearly 7,000 projects in different sectors had been identified. In a way, it will be like a new revolution in infrastructure, the prime minister said.