There were expectations about possible announcements on improving the safety standards of railways, which saw multiple mishaps in the past year, but no major allocation was announced
The share price of RVNL rose 8% to hit a fresh record high of ₹399.70 today after it bagged a new order worth ₹187 crore from Maharashtra Metro Rail Corp.
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.