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Railways allotment is kept for 2024–2025.

Railways Allotment Is Kept For 2024–2025

Railways allotment is kept for 2024–2025.

 

 

23/7/2024,

Spending Plan Following the conclusion of FM Sitharaman’s Budget Speech on July 23, railway equities such as RVNL, IRFC, Ircon International, RailTel Corporation of India, and Texmaco Rail & Engineering had a 1-5 per cent decline.


Contrary to expectations, Finance Minister Nirmala Sitharaman’s July 23 budget address contained only one mention of the Indian Railways.


“Under the Act, for promoting industrial development, funds will be provided for essential infrastructure such as water, power, railways, and roads in Kopparthy node on the Vishakhapatnam-Chennai Industrial Corridor and Orvakal node on Hyderabad-Bengaluru Industrial Corridor,” Sitharaman stated while discussing the Andhra Pradesh Reorganisation Act.


In the Budget Speech for 2024–2025, the Finance Minister simply made only one reference to railroads.

The railway sector has pushed the central government to develop a plan for the prompt establishment of the three economic corridors, increase capital investment in improved technologies, such as robots and rail-road connectivity, and sharpen safety measures to prevent train accidents.


While the Centre maintained the capex as stated in the Interim Budget 2024, Sitharaman was expected to make some noteworthy announcements on the Railway Budget.

Expected highlights of this budget included the development of the ambitious Mumbai-Ahmedabad bullet train, Namo Bharat efforts, and announcements of new trains like Vande Bharat and Vande Metro.

Finance Minister Nirmala Sitharaman provided the railways with gross budgetary support of Rs 2,52,200 crore in the Interim Budget for FY25, in addition to an extra Rs 10,000 crore from extra-budgetary sources.

She also said that three significant railway economic corridors a port connection corridor, a high traffic density corridor, and a corridor for energy, minerals, and cement will be developed in India.


Before the Union Budget, attention was focused on railway stocks such as Rail Vikas Nigam (RVNL), Indian Railway Finance Corporation (IRFC), Ircon International, RailTel Corporation of India, and Texmaco Rail & Engineering.


But following the conclusion of the July 23 Budget Speech, these equities dropped by roughly 1 to 5 per cent.

Indian Railway Finance Corporation (IRFC) was down 5.6 per cent, Ircon International lost 9 per cent, NBCC (India) dropped 7 per cent, RailTel Corporation of India was down 6.6 per cent, and Texmaco Infra was trading flat. Rail Vikas Nigam (RVNL) plummeted by 6 per cent.

Following the February 1 interim budget, these stocks increased by 11–11.2 per cent.
With a 112 per cent rise, Rail Vikas Nigam is the biggest gainer, ahead of IRCON (44%), RailTel (37%), and others. NBCC is up 12 per cent, IRFC is up 28 per cent, and Texmaco Rail is up 31 per cent.

 

 

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