The BJP’s election manifesto outlines numerous initiatives to modernize and expand the Indian railway sector if they are re-elected. Here are the key promises and plans:
The BJP aims to promote manufacturing, research, and development in the railway sector to position India as a leading global railway manufacturing hub. This initiative includes enhancing domestic production capabilities and fostering an ecosystem for railway equipment manufacturing.
The BJP plans to expand the ongoing redevelopment of over 1,300 railway stations to world-class standards, extending this modernization to all other major and medium-sized stations nationwide. This would involve upgrading station infrastructure and amenities.
The BJP intends to expand metro networks in major urban centers to ensure last-mile connectivity, building on the existing metro projects in 20 cities. This would improve urban mobility and reduce congestion.
The BJP has announced plans to introduce 40,000 modern coaches, such as those used in the Vande Bharat Express, to upgrade the existing fleet and enhance passenger comfort and experience.
These railway stocks could see gains if the BJP wins the 2024 Lok Sabha elections.
Jupiter Wagons Ltd
Jupiter Wagons Limited is an Indian private manufacturer of railway wagons, passenger coaches, wagon components, and castings. The company is engaged in the business of manufacturing vehicle bodies for commercial vehicles and the production of Fully Built Vehicles (“FBVs”).
On Tuesday,Jupiter Waggons Ltd shares were trading at ₹592 a share,a 8.51 percent decrease over the previous close price. The company is valued at ₹24,412 crore on the stock exchange.
Indian Railway Finance Corporation Ltd
Indian Railway Finance Corporation is engaged in raising funds to meet the developmental needs of the Indian Railways through various financial markets.
On Tuesday,Indian Railway Finance Corporation Ltd shares were trading at ₹176 a share,a 6.85 percent decrease over the previous close price. The company is valued at ₹2,30,006 crore on the stock exchange.
Texmaco Rail and Engineering Ltd
Texmaco Rail & Engineering Ltd manufactures rolling stock, hydro-mechanical equipment, steel castings, and the building of rail EPC, bridges, and other steel structures.
On Tuesday,Texmaco Rail & Engineering Ltd shares were trading at ₹182 a share,a 12.21 percent decrease over the previous close price. The company is valued at ₹7,282 crore on the stock exchange.
Ircon International Ltd
The company specialises in railways (new railway lines, rehabilitation, station buildings and amenities, bridges, tunnels, signalling and telecommunication, railway electrification), motorways, and EHV substations.
On Tuesday,Texmaco Rail & Engineering Ltd shares were trading at ₹258 a share,a 10.23 percent decrease over the previous close price. The company is valued at ₹24,228 crore on the stock exchange.
Railtel Corporation of India Ltd
Railtel Corporation of India is one of the country’s leading neutral telecom infrastructure providers, Company facilitates co-location for equipment of telecom operators at Railway stations as well as offers broadband and VPN services.
On Tuesday,Railtel Corporation of India Ltd shares were trading at ₹388 a share,a 9.56 percent decrease over the previous close price. The company is valued at ₹12,468 crore on the stock exchange.
Rail Vikas Nigam Ltd
Rail Vikas Nigam Ltd is a company that develops, finances, and implements rail infrastructure projects.
On Tuesday,Rail Vikas Nigam Ltd shares were trading at ₹374 a share,a 7.59 percent decrease over the previous close price. The company is valued at ₹77,948 crore on the stock exchange.
Titagarh Rail Systems Ltd
Titagarh Rail Systems Ltd is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Metro Trains, Train Electricals, Steel Castings, Specialised Equipments & Bridges, Ships, etc. The company caters to both domestic and export market
On Tuesday, Titagarh Rail Systems Ltd shares were trading at ₹1,365 a share,a 8.54 percent decrease over the previous close price. The company is valued at ₹18,383 crore on the stock exchange.
Indian Railway Catering & Tourism Corporation Ltd
IRCTC is a Mini Ratna (Category 1, Central Public Sector Enterprises ) and the only company authorized by the Indian government to provide online railway tickets, catering services, and packaged drinking water at railway stations and trains in India.
On Tuesday, IRCTC Ltd shares were trading at ₹971 a share,a 7.93 percent decrease over the previous close price. The company is valued at ₹77,652 crore on the stock exchange.
Written by Omkar Chitnis
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