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.
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From ₹67 to ₹398: This lesser-known railway stock jumps 6-fold in one year
The stock, which made its market debut in June last year, hit a fresh all-time high of ₹398.10 on September 5, after touching 52-week low of ₹66.90 on September 27, 2022.
IRFC shares fall 6% on govt stake sale buzz
The government, which currently holds 86.36% shares in IRFC, has to dilute 11.36% stake in the company to meet SEBI’s minimum public shareholding norm.
From ₹98 to ₹529: This railway stock surges 440% in just one year
On Wednesday, the stock rallied nearly 5% to hit a fresh all-time high of ₹529.20 level. The share price has risen 125% in the current calendar year.
Titagarh Wagons, Ramkrishna Forgings shares surge up to 8% on winning ₹12,226 cr order
The consortium between Ramkrishna Forgings and Titagarh has been awarded the contract to manufacture and supply 15,40,000 forged wheels to the Indian Railways.
IRCTC shares fall 3% post Q4 results; here’s why
The ticketing and catering arm of Indian Railways registered a 30.4% YoY rise in net profit at ₹279 crore, while revenue from operations jumped 39.6% YoY to ₹965 crore for Q4FY23.
Railways’ FY23 revenue surges 25% to ₹2.40 lakh cr
Freight revenue, too, rises 15% to ₹1.62 lakh crore; passenger revenues hit an all-time high growth of 61% at ₹63,300 crore.
Titagarh Wagons, BHEL shares surge up to 8% on winning order for 80 Vande Bharat train sets
The consortium of BHEL and Titagarh Wagons will supply 80 sleeper-class Vande Bharat trains within 72 months at the rate of ₹120 crore per train.
Infographic: Rail accidents decline sharply
In FY22, there was only one level crossing accident and two collisions
Race On To Meet Vande Bharat Targets
The government has set a target of 475 Vande Bharat trains within the next four years. But how will railways ensure operational issues do not jeopardise passenger interest?
