Railway Sector looking good for next ten to 15 years
1. The Indian Government is undertaking several initiatives to upgrade its aging railway infrastructure and enhance its quality of service. The Railway Ministry has announced plans to invest ₹5,400,000 crore (equivalent to ₹57 trillion or US$720 billion in 2023) to upgrade the railways by 2030.
2. The National Rail Plan (NRP) is driven by a vision to augment capacity, improve infrastructure, and increase rail freight share to meet future demand. The Plan is focused on developing adequate capacity by 2030 to cater to projected demand until 2050.
3. 58 Super critical Projects of a total length of 3750 kms costing ₹39,663 Crore and 68 Critical Projects of a total length of 6913 kms costing ₹75,736 Crore, have been identified for completion by 2024.
4. So, Railway sector will be in bullish trend for next ten years, IRCON,IRFC, TEXMORAIL, IRCTC, L&T, RVNL, RAILTEL are some of the stock, one can look for.
2. The National Rail Plan (NRP) is driven by a vision to augment capacity, improve infrastructure, and increase rail freight share to meet future demand. The Plan is focused on developing adequate capacity by 2030 to cater to projected demand until 2050.
3. 58 Super critical Projects of a total length of 3750 kms costing ₹39,663 Crore and 68 Critical Projects of a total length of 6913 kms costing ₹75,736 Crore, have been identified for completion by 2024.
4. So, Railway sector will be in bullish trend for next ten years, IRCON,IRFC, TEXMORAIL, IRCTC, L&T, RVNL, RAILTEL are some of the stock, one can look for.