Cabinet approves railway projects worth ₹6,456 cr
The three projects cover seven districts in four states - Odisha, Jharkhand, West Bengal and Chhattisgarh.
The three projects cover seven districts in four states - Odisha, Jharkhand, West Bengal and Chhattisgarh.
Post Q4 results, Prabhudas Lilladher has given a ‘HOLD’ rating on IRCTC, with a target price of ₹825
The financing arm of the Indian Railways proposes to raise up to ₹50,000 cr through bond issue or bank loan during FY25.
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.
The PSU stock has risen nearly 300% from its 52-week low of ₹96.20 hit on March 28, 2023.
PM Modi says India is approaching well towards becoming 3rd largest economic superpower; hails it as the most attractive place for investment
With a focus on excellence and innovation, RailTel has garnered unwavering trust as a partner in delivering cutting-edge services across sectors.
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.
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.
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.