Railway infra stocks in focus as PM Modi virtually inaugurates, dedicates to nation over 2000 Rail infra projects worth around Rs 41,000 cr

Railway infra stocks: Most railway and railway infrastructure-related stocks were in demand on Dalal Street on Monday, February 26, as Prime Minister Narendra Modi inaugurated, laid the foundation stone, and dedicated to the nation over 2000 railway infrastructure projects worth around Rs 41,000 crores.

While stocks such as Oriental Rail Infrastructure and Ircon International rose as much as 3.8 per cent, Titagarh Rail Systems declined about one per cent.

Oriental Rail Infrastructure, Texmaco Rail & Engineering, Rail Vikas Nigam Ltd (RVNL), Ircon International, RailTel, RITES and Indian Railway Catering and Tourism Corporation (IRCTC) shares around 3-4 per cent, while the Indian Railway Finance Corporation (IRFC), Titagarh Rail Systems and ARSS Infrastructure Projects stocks gained around 1-2 per cent.

Rs 41,000 crore railway infrastructure projects

The projects include the redevelopment of 553 railway stations at a cost of more than Rs 19,000 crore under the second phase of the government’s Amrit Bharat Station Scheme, an ambitious scheme aimed at the development of stations across the country’s railway network. These railway stations are spread across 27 states and Union Territories in the country.

These stations will act as 'city centres' integrating both sides of the city, and will be equipped with passenger amenities such as roof plazas, beautiful landscaping, inter-modal connectivity, improved modern façade and play areas for children. READ MORE

What is the Amrit Bharat Station Scheme?

The Amrit Bharat Station scheme envisages the development of stations on a continuous basis with a long-term approach, and involves preparation of master plans and their implementation in phases to improve amenities for passengers to enhance their travelling experience.

The amenities include improvement of station access, circulating areas, waiting halls, toilets, lift/escalators as necessary, cleanliness, free Wi-Fi, kiosks for local products, better improved information systems, executive lounges, nominated spaces for business meetings and landscaping, keeping in view the requirements at each station.

(With inputs from agencies)

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