Four shares of companies associated with metro rail gained by 0.57% to 3.81% at 13:00 IST on BSE after Rajya Sabha yesterday, 24 February 2015, passed the Public Premises (Eviction of Unauthorised Occupants) Amendment Bill.
Meanwhile, the S&P BSE Sensex was up 185.29 points or 0.65% at 29,193.20.
ABB (India) (up 3.81%), Reliance Infrastructure (up 0.57%), Siemens (up 2.12%), and Hindustan Construction Company (up 1.01%) gained.
L&T dropped 0.34%. L&T constructed the largest Delhi Metro underground station at Rajiv Chowk.
Alstom India fell 0.28%.
Mumbai metro is operated by the Mumbai Metro One Pvt Ltd (MMOPL). The MMOPL is a joint venture company owned by Reliance Infrastructure, Veolia Transport and the Mumbai Metropolitan Region Development Authority (MMRDA).
The Rajya Sabha yesterday, 24 February 2015, passed the Public Premises (Eviction of Unauthorised Occupants) Amendment Bill, 2014 that seeks to empower Delhi Metro Rail Corporation, other Metros, Public Transport Companies, Companies of Delhi Government, New Delhi Municipal Council and successors to Major Port Trusts to get their properties and premises evicted of unauthorized companies in a speedy manner. This Amendment Bill was already approved by the Lok Sabha during the monsoon session of Parliament. Piloting the Bill, Minister of Urban Development M.Venkaiah Naidu said that Recommendations of the Parliamentary Standing Committee on Urban Development and suggestions of the Supreme Court have been incorporated in the Amendment Bill to enable quick execution of infrastructure projects, according to a statement issued by Ministry of Urban Development yesterday, 24 February 2015.
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