Cabinet approves railway projects worth ₹6,456 cr
The three projects cover seven districts in four states - Odisha, Jharkhand, West Bengal and Chhattisgarh.
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IRCTC shares dive 5% as Q4 misses estimates
Post Q4 results, Prabhudas Lilladher has given a ‘HOLD’ rating on IRCTC, with a target price of ₹825
IRFC shares rise 4% on strong Q4, dividend payment; up 16% in 4 sessions
The financing arm of the Indian Railways proposes to raise up to ₹50,000 cr through bond issue or bank loan during FY25.
IRCON share jumps 6% on winning new order; surges 23% in six sessions
The company’s joint venture has bagged a contract worth ₹1,200 crore for the construction of the Kottavalasa-Koraput doubling project of Waltair Division, East Coast Railway.
RailTel shares surge 22% in 3 sessions; here’s why
The PSU stock has risen nearly 300% from its 52-week low of ₹96.20 hit on March 28, 2023.
Railways gets 2,000 projects worth ₹41,000 cr
PM Modi says India is approaching well towards becoming 3rd largest economic superpower; hails it as the most attractive place for investment
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Railway stocks IRCTC, IRFC, RVNL, IRCON fall after FM's budget speech; here’s why
The sell-off in the railway stocks was triggered after FM Sitharaman earmarked a capex of ₹2.55 lakh crore for the Indian Railways, which is lower than industry expectations of ₹3 lakh crore.
Budget 2024: What’s in store for railway sector?
Given the government’s strong impetus on railway infrastructure development and modernisation of Indian Railways, the budgetary allocation for the sector is expected to cross ₹3 lakh crore.
IRFC disburses ₹32,393 cr to Indian Railways in FY23, says CMD Shelly Verma at AGM
The financing arm of the Indian Railways has declared a total dividend of ₹1,960.28 crore, which works out to 30.93% of PAT for FY23, says Shelly Verma.
