The Cabinet Committee on Economic Affairs has approved three projects of the Ministry of Railways with a total cost of approximately Rs. 7,927 Crores, covering seven districts in Maharashtra, Madhya Pradesh and Uttar Pradesh, therby increasing the existing network of Indian Railways by about 639 Kms.
The Ministry of Railways stated “The proposed multi-tracking projects will ease operations and reduce congestion, providing the much-required infrastructural development on the busiest sections between Mumbai and Prayagraj.”
The approved projects are Jalgaon-Manmad fourth line (160 km), Bhusawal-Khandwa third and fourth lines (131 km), and Prayagraj (Iradatganj)-Manikpur’s third line (84 km).
Listed below are some of the stocks associated with the construction & development of Railway Infrastructure that you can add to your watchlist.
Rail Vikas Nigam
Rail Vikas Nigam Limited is a central public sector enterprise with a Navratna status, it is engaged in the business of implementing various types of Rail infrastructure projects like doubling, gauge conversion, new lines, railway electrification, major bridges, etc. As of FY24 Rail Vikas Nigam Limited has a strong order book of Rs. 85,000 Crores.
With a market capitalization of Rs. 90,521 Crores, the shares of Rail Vikas Nigam Limited closed at Rs. 434.15 per equity share, down 0.82 percent from its previous day’s close price of Rs. 437.75.
Its Revenue from operations declined by 1.21 percent YoY from Rs. 4,914 Crores in Q2FY24 to Rs. 4,855 Crores in Q2FY25, accompanied by profits of Rs. 394 Crores to Rs. 287 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.
As of Q2FY25 Titagarh Rail Systems Limited has a strong order book of Rs. 13,326 Crores, including orders from its joint Ventures.
With a market capitalization of Rs. 15,480 Crores, the shares of Titagarh Rail Systems Limited closed at Rs. 1,149.50 per equity share, down 2.63 percent from its previous day’s close price of Rs. 1,180.60.
Its Revenue from operations grew by 13 percent YoY from Rs. 935.45 Crores in Q2FY24 to Rs. 1,056.95 Crores in Q2FY25, accompanied by profits of Rs. 70.59 Crores to Rs. 80.69 Crores.
Jupiter Wagons
Jupiter Wagons Limited is engaged in the business of manufacturing metal fabrication, railway wagons, wagon components, castings, and many more comprising load bodies for commercial vehicles, rail freight wagons, and components. As of Q2FY25 Jupiter Wagons Limited has a strong order book of Rs. 6,643.66 Crores.
With a market capitalization of Rs. 19,384 Crores, the shares of Jupiter Wagons Limited closed at Rs. 456.65 per equity share, down 0.09 percent from its previous day’s close price of Rs. 457.05.
Its Revenue from operations grew by 14.75 percent YoY from Rs. 879.3 Crores in Q2FY24 to Rs. 1,009.04 Crores in Q2FY25, accompanied by profits of Rs. 82.08 Crores to Rs. 89.36 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 defence forces, and aluminum wagons, coaches for the metro, railways, and many other operations. As of Q2FY25 BEML Limited has a strong order book of Rs. 11,453 Crores
With a market capitalization of Rs. 16,782 Crores, the shares of BEML Limited closed at Rs. 4,030 per equity share, up 2.23 percent from its previous day’s close price of Rs. 3,942.10.
Its Revenue from operations declined by 6.21 percent YoY from Rs. 916.79 Crores in Q2FY24 to Rs. 859.84 Crores in Q2FY25, accompanied by profits of Rs. 51.79 Crores to Rs. 51.03 Crores.
Texmaco Rail & Engineering
Texmaco Rail & Engineering Ltd is an engineering infrastructure company, it is involved in the business of manufacturing Rolling stock, hydro-mechanical equipment, steel castings & construction of Rail EPC, bridges, and other steel structures. As of Q2FY25 Texmaco Rail & Engineering Limited has a strong order book of Rs. 8,194 Crores
With a market capitalization of Rs. 8,023 Crores, the shares of Texmaco Rail & Engineering Limited closed at Rs. 200.85 per equity share, down 0.86 percent from its previous day’s close price of Rs. 202.60.
Its Revenue from operations grew by 67 percent YoY from Rs. 805.05 Crores in Q2FY24 to Rs. 1,345.88 Crores in Q2FY25, accompanied by profits of Rs. 20.2 Crores to Rs. 67.43 Crores.
Written by: Bharath K.S
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