Rail Companies

IRCTC, RVNL: Can Budget 2025 trigger a rally in rail stocks? Tech view here

Railway-related stocks such as IRCTC, RVNL, Texmaco, RailTel and Container Corp are testing support on the long-term charts; as long as these supports are respected a pullback rally seems possible.

Obstructing closure of metro doors may cost you Rs 10,000, warns DMRC

Under the Metro Railways Act, obstruction acts are punishable by fine of Rs 10,000, or imprisonment of up to 4 years, or both

Top headlines: KKR to invest in Reliance Retail, gains for rail, infra cos

Business Standard brings you the latest headlines at this hour

Texmaco Rail zooms 14%; hits new all-time high

The stock has rallied a solid 252 per cent so far in FY24, while the Sensex has gained 11 per cent.

IRFC marches to new high; stock zooms 38% in a week on stable outlook

The company will continue to receive timely funding from the government through favourable lease agreement, owing to its strategic role as a dedicated funding arm of Indian Railways

Rail stocks may chug along till budget; book profit selectively: Analysts

Railway stocks: In the upcoming budget, the railways has reportedly sought gross budgetary support (GBS) of Rs 1.5-1.8 trillion over the Rs 1.37 trillion figure earmarked during Budget 2022-23

Rail Coach Factory starts production of new AC 3-tier economy coaches

The coaches are capable of running at an optimum speed of 160 kilometres per hour

Rail firms eye Tier-II cities; opportunities in Indore, Bhopal metro plans

As mass rapid transportation penetrates cities like Kochi, Jaipur and Lucknow, it throws open opportunities for companies like Alstom, Bombardier and Hyundai Rotem. Contracts for rolling stock, signalling and electric systems have helped these companies to put up manufacturing units, too. Now, the blue print for metro services in two cities in Madhya Pradesh--Indore and Bhopal is also ready. In all, the government has identified nearly 50 Tier II cities and towns for modern metro systems and herein lies the the next big wave of business for the companies. The Indore metro project is expected to come up at a cost of Rs 7,522.63 crore including financial cooperation from Asian Development Bank (ADB) and New Development Bank (NDB). The Bhopal metro rail project will come up at an estimated cost of Rs 6,962.92 crore and is being funded by European Investment Bank (EIB).The expected spend in Metro rail for India over the next three to five years is in the range of Rs 2.3 lakh crore. ...