RAILWAY MODERNISATION
Cannot avoid market momentum but be a little more selective: Mayuresh Joshi
The entire ecosystem will see accelerated investments and the government push through regarding the capex needs. Also, railways as a theme, defence as a theme, and shipbuilders as a theme will continue. Execution is going to be extremely important out here, says Mayuresh Joshi. He further says the earnings story and earnings growth should continue to remain strong in select domestic-focused sectors
Congress accuses govt of 'destroying' railways, demands Ashwini Vaishnaw's resignation
Congress president Mallikarjun Kharge said whenever there is a train accident, Modi government's railway minister reaches the spot under the glare of cameras and behaves as if everything is fine.
Minister & Policy Continuity: Will it lead to re-rating getting sustained ? 7 stocks of railway’s ecosystem.
While it became clear on the day of the election result only that the same government is going to continue. Some doubts were raised as to whether there would be a shift in policy focus. A part of the answer has come in the form of portfolio allocation. Some of the key sectors which mattered to the street because they had seen a re-rating and valuations are high, the continuation with the same minister is an indication that government is clearly focussed on continuation not only with a policy focus but it also does not want to waste time in getting a new minister and spending time in him/ her understanding the core work. Now this should bring relief to some companies as their projected plans and workflow will continue. Which means that expected growth which the market has put in its estimates of earning has a high probability of continuing.
Railways stocks: Stay bullish, just hedge a bit to avoid mistake of selling in haste: 7 outperforming railways stocks across different segments
Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which are sitting with big gains and are dependent on government policy push. Railways was among the last sectors to get re-rated due to the policy focus. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches, all of them have done extremely well. Given the fact the railways is likely to be the focus area, the long term story remains intact. Only thing is that one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate and the sector has a long runway.
K2 Infragen gets Rs 90 cr railway order in UP
EPC company K2 Infragen has won a Rs 90 crore railway bridge project in Chandauli, Uttar Pradesh. The project, awarded by the UP-State Bridge Corporation Ltd, involves constructing a four-lane rail over bridge on the Patna-Mughalsarai section. K2 Infragen expects the project to contribute Rs 35 crore to its revenues for fiscal year 2024-2025.
PM's active role, personal monitoring responsible for infrastructure sector turnaround, says FM
Nirmala Sitharaman praises PM Narendra Modi for reviving the infrastructure sector, highlighting the neglect during the UPA regime and the significant advancements made under the Modi government, including the expansion of the Metro network, growth in the aviation sector, and initiatives to boost the maritime ecosystem.
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PSU rail stocks surge: Could Indian Railways IPO offer big gains?
A healthy primary market where deals are continuously being done is the key hallmark of a well-functioning economy, which is aspiring to grow fast.
Amrit Bharat Station scheme: Here is the list of stations, facilities to be developed under Rs 25,000 crore modernisation project
PM Narendra Modi will lay the foundation stone for modernisation and redevlopment of 553 stations. Spanning 27 states and union territories, the projects, costing upwards of Rs 25,000 crore, aim to transform stations into city centers with modern amenities. These endeavors, emphasizing environmental sustainability and accessibility, mark a significant step in Indian Railways' modernization efforts.
Indian Railways gets 2,000 infra projects at Rs 41,000 crore
Prime Minister Narendra Modi inaugurated over 2,000 railway infrastructure projects worth more than Rs 41,000 crore. This includes the redevelopment of 553 stations under the Amrit Bharat Station Scheme, modernizing passenger amenities, and enhancing connectivity. The Gomti Nagar station in Uttar Pradesh, redeveloped at Rs 385 crore, will be inaugurated, along with the foundation stones for 1,500 Road Under Bridges (RUBs) and Road Over Bridges (ROBs).
What is the best way to assess railway & defence PSU stocks? Mihir Vora explains
Mihir Vora, CIO of Trust Mutual Fund, discusses the tendency of investors to overestimate short-term and underestimate long-term growth in high-growth sectors. He highlights the potential of PSU defence, railways, and manufacturing sectors in India, while cautioning about the risks of global commodities and the possibility of Chinese currency devaluation.
Railways Budget: Can Budget 2024 build the safety net for happy rail rides?
Union Budget 2024: The Indian Railways proposes a groundbreaking ₹1 lakh crore plan to procure 7,000-8,000 new train sets over 15 years. Aimed at relieving passenger demand, the initiative targets track optimization. As the budget approaches, securing funds for this ambitious plan remains pivotal for modernising India's rail network and enhancing travel experiences.
I still believe railways will see unprecedented growth and investments: Umesh Chowdhary, Titagarh Rail Systems
Umesh Chowdhary, VC & MD of Titagarh Rail Systems, believes that the story of Indian railways has just begun and there is a long way to go for it to reach its peak. He mentions that strengthening the railway is crucial for achieving the targets set for the Indian economy. Regarding the Ayodhya theme, he sees it as a positive development for the nation and expects it to enhance domestic tourism. While competition exists in the industry, Chowdhary believes in staying ahead of the curve.
MoU between India, USAID/India to help Railways achieve net-zero carbon emission gets Cabinet nod
The MoU facilitates utility modernisation, advanced energy solutions and systems, regional energy and market integration and private sector participation and engagement, training and seminars/workshops focusing on specific technology areas like renewable energy, energy efficiency and other interactions for knowledge sharing.
Titagarh Rail Systems shares zoom 12% to fresh high. What's the trigger?
Titagarh specializes in the design, manufacture, supply, commissioning and servicing of various passenger rolling stock and metro coaches for Indian and international markets.
New chapter began in Railways under PM Modi: Union Minister Kishan Reddy
Union Minister G Kishan Reddy stated that the NDA government, led by Prime Minister Narendra Modi, has initiated a new chapter in the development of railways in India. Reddy made the comments during an event at the Kachiguda railway station, where Prime Minister Modi virtually flagged off nine Vande Bharat trains, including the Hyderabad-Bengaluru Vande Bharat Express.
India needs efficient multi-modal transport system: President Droupadi Murmu
President Droupadi Murmu emphasized the need for an efficient multi-modal transport system that integrates rail, road, air, and water transportation. She addressed a group of probationers from various Indian Railways services, stating that the railways serve as a social lifeline and carry the dreams of ordinary people. President Murmu urged the probationers to work in coordination with other departments to achieve the goal of a self-reliant and developed nation.
G20 effect! Multibagger rail stocks rally up to 15% after PM Modi's announcement
The announcement of a new corridor will lead to a comprehensive rail and shipping connectivity network linking the US, India, Saudi Arabia and Gulf and Arab states, and the European Union. The plan aims to integrate railway routes and port linkages, spanning from India to Europe, traversing through the United Arab Emirates, Saudi Arabia, Jordan, and Israel.
Centre approves 30 railway projects worth over Rs 83,000 crore for Telangana: Union Minister Kishan Reddy
The Union Minister said between 2004 and 2014, the UPA government approved only five projects and a total of Rs 10,192 crore was sanctioned for laying only 714 km of new railway lines, whereas the Modi government approved 30 projects that includes laying of 5,239 km of new railway lines in Telangana.
1,300 railway stations being modernised under Amrit Bharat scheme: Rail Minister Vaishnaw
"A total of 1,300 railway stations are being redeveloped and modernised, and as part of this, Rs 500 crore are being invested in Gwalior station. The work of converting the narrow gauge line into broad gauge is going on at a brisk pace," the Railway Minister said.
15 rail stations in Haryana to be revamped under Amrit Bharat Station Scheme
Prime Minister Narendra Modi has laid the foundation for redeveloping 15 stations in Haryana as part of the 'Amrit Bharat Station Scheme.' Haryana Chief Minister Manohar Lal Khattar expressed gratitude to the PM and the Railway Minister Ashwini Vaishnaw for the redevelopment of these stations. The modernisation of 34 railway stations in the state is in progress under the scheme.
From roof plazas to city centres: All you need to know about Amrit Bharat Station Scheme that aims to modernise India's railway stations
To keep this vast machine well oiled, the Railwasy launched the Amrit Bharat Station Scheme to redevelop 1309 stations nationwide. Under the scheme, Prime Minister Narendra Modi laid the foundation stone for the redevelopment of 508 railway stations across the country on August 6.
No hike in rail fares in name of station revamp, says Railways Minister Ashwini Vaishnaw
India's railways minister, Ashwini Vaishnaw, has stated that there will be no fare increases in relation to the redevelopment of 508 stations across India, despite the fact Rs 25,000 crore will be earmarked in the current national budget for the project. Vaishnaw pledged the aim of the initiative was to offer seamless and equitable travel for all strata of society.
PM Modi lays foundation stone for development of 508 railway stations
Addressing the event, Modi said that around 1300 stations will be modernised under the program which will be spread over the country.
India to be a developed nation by 2047, modernising infra at rapid pace: R K Singh
Union Minister R K Singh on Friday said India is poised to become a developed nation, as the country is modernising its infrastructure at a rapid pace. Addressing a press conference Singh said, "Now we are transforming ourselves into a developed country. We will be a developed country."
Railways to go for PPP, EPC mix for stations' overhaul
This time, 15 stations are on the agenda for modernisation through PPP. These include railway stations of Tambram, Anand Vihar, Dadar, Kalyan, Andheri and Pune. The Bangalore City, Vadodara, Bhopal, Chennai Central, Delhi, Hazrat Nizamuddin, and Avadi stations are also on the list.
Jaipur railway station will be modernised at cost of Rs 717 crore: Ashwini Vaishnaw
Vaishnaw was delivering a lecture on "Contribution of Railways in India's Infrastructural Development", organised by Pandit Deendayal Upadhyaya Smriti Samaroh Samiti at Dhankya near Jaipur.
UP to get highest share of modernisation funds allocated to Railways
Uttar Pradesh has got the lion's share - Rs 17,507 crore from Rs 2.4 lakh crore allocated to the Railways in the Union Budget 2023-24. This time, the Centre has announced a budget of Rs 2.4 lakh crore for the Railways. In this, Rs 75,000 crore will be spent for new schemes.
Railways plans to modernise 1,000 small stations under Amrit Bharat Station Scheme
The aim is to identify developing cities with potential and envisage railway stations as city centres that would link not just various parts of the city but also between different cities in the future. The plan is to map everything connected to it -- bridges and different modes of transport.
Railways Ministry signs pact with C-DOT for modernisation of telecommunication facilities
The agreement is aimed at establishing a collaborative working partnership between the ministry and C-DOT for coordination and resource sharing.
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