The Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal of the Ministry of Housing & Urban Affairs for Chennai Metro rail project phase-II comprising three corridors with a capital outlay of Rs. 63,246 Crores.
The corridors connect North to South and East to West of Chennai, passing through the major influence areas at Madhavaram, Perambur, Thirumayilai, Adyar, Sholinganallur, SIPCOT, Kodambakkam, Vadapalani, Porur, Villivakkam, Anna Nagar, and St Thomas Mount, connecting large number of industrial, commercial, residential and institutional establishments.
These will also provide effective public transport for the workforce engaged in these clusters and connectivity to various parts of the city.
Listed below are some of the stocks that have strong expertise in the Engineering, Procurement, and Construction (EPC) of Metro Rail Infrastructure, that you can add to your watchlist considering their future potential.
ITD Cementation India
ITD Cementation Limited is engaged in the business of providing design, engineering, procurement, and construction (EPC) services for infrastructure projects in India. Presence and Operations
ITD Cementation Limited’s area of operations includes urban infrastructure, mass rapid transit systems(Metro) and airports, highways, bridges and flyovers, maritime structures, industrial structures and buildings, hydro, dams, tunnels and irrigation, foundation and specialist engineering, water and wastewater, and many others.
With a market capitalization of Rs. 11,094 Crores, the shares of ITD Cementation India Limited closed at Rs. 645.80 per equity share, up 0.37 percent from its previous day’s close price of Rs. 643.45.
Its Revenue from operations grew by 29.95 percent from Rs. 1,833 Crores in Q1FY24 to Rs. 2,381 Crores in Q1FY25, accompanied by profits of Rs. 52 Crores to Rs. 100 Crores.
Larsen and Toubro
Larsen & Toubro Limited is a multinational conglomerate operating in over 50 countries, it is primarily engaged in providing engineering, procurement, and construction (EPC) solutions across major sectors such as Hydrocarbon, Power, Infrastructure, Information Technology, Defence, and Financial Services in domestic and international markets.
Larsen & Toubro Limited covers almost every aspect of metro rail construction, from civil engineering to electrical systems and signaling, making it a key player in the urban transit sector.
With a market capitalization of Rs. 4,79,976 Crores, the shares of Larsen and Toubro Limited closed at Rs. 3,490.75 per equity share, down 0.23 percent from its previous day’s close price of Rs. 3,498.80.
Its Revenue from operations grew by 15.12 percent from Rs. 47,882 Crores in Q1FY24 to Rs. 55,120 Crores in Q1FY25, accompanied by profits of Rs. 3,096 Crores to Rs. 3,445 Crores.
BEML
Bharat Earth Movers Limited Limited (BEML) is engaged in the business of manufacturing and supplying a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defense forces, and aluminum wagons, coaches for the metro, railways, and many other operations.
With a market capitalization of Rs. 15,262 Crores, the shares of BEML Limited closed at Rs. 3,664.90 per equity share, up 0.24 percent from its previous day’s close price of Rs. 3,656.20.
Its Revenue from operations grew by 9.91 percent from Rs. 577 Crores in Q1FY24 to Rs. 634 Crores in Q1FY25, accompanied by losses of Rs. 75 Crores to Rs. 70 Crores.
Titagarh Rail Systems
Titagarh Rail Systems Limited (TRSL) is one of the largest private-sector manufacturers of railway wagons and an established player in passenger coaches, it offers mobility solutions with its prominent presence in both the Passenger and Freight Rail Systems including railway wagons, components, passenger coaches (EMU/MEMU), and Metro Coaches.
With a market capitalization of Rs. 15,078 Crores, the shares of Titagarh Rail Systems Limited closed at Rs. 1,119.65 per equity share, down 1.22 percent from its previous day’s close price of Rs. 1,133.50.
Its Revenue from operations declined by 0.85 percent from Rs. 911Crores in Q1FY24 to Rs. 903 Crores in Q1FY25, accompanied by profits of Rs. 62 Crores to Rs. 67 Crores.
HG Infra Engineering
H.G. Infra Engineering Limited is engaged in the business of offering Engineering, Procurement, and Construction (EPC) services, Operation & Maintenance for roads, metros railways, flyovers, bridges, and other infrastructure contract works.
With a market capitalization of Rs. 9,687 Crores, the shares of HG Infra Engineering Limited closed at Rs. 1,486.45 per equity share, down 0.37 percent from its previous day’s close price of Rs. 1,491.90.
Its Revenue from operations grew by 13.09 percent from Rs. 1,351 Crores in Q1FY24 to Rs. 1,528 Crores in Q1FY25, accompanied by profits of Rs. 150 Crores to Rs. 163 Crores.
Written by: Bharath K.S
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