| Metal, electrical scrips cheer Railway budget |
| Atul Sathe & Payal Tibrewala / Mumbai February 25, 2006 |
| The railway budget proposes to spend Rs 22,000 over the next 3-4 years on the freight corridors. Along with expansion and new tracks, the government would go for aluminium and stainless steel wagons. This augurs well for aluminium and stainless steel companies. Rail manufacturing companies like SAIL and Jindal Steel & Power are also expected to benefit. Pritish Vinay from Edelweiss Securities said, |
