Indian Railways plans to launch its first hydrogen-powered train this year and aims to have 50 such trains operational by 2047. This initiative is part of the National Hydrogen Mission, which aims to establish India as a global hub for green hydrogen production and export.
Speaking at the FICCI Future Rail India 2024 conference, Anil Kumar Khandelwal, Member (Infrastructure) of the Railway Board at the Ministry of Railways, announced the plans for hydrogen trains. He also confirmed that India’s first bullet train is likely to be operational by 2027.
In addition to the hydrogen train initiative, Indian Railways is rapidly expanding the deployment of its indigenous train protection system, Kavach.
The final specifications for Kavach Version IV were finalized on July 16th, and the system is currently operational on over 1,400 km, with plans to expand to 3,000 km on the Delhi-Mumbai and Delhi-Howrah routes.
Listed below are such railway stocks that may benefit from this initiative:
Rail Vikas Nigam Ltd
With a market capitalization of Rs. 1,26,759 crores, the shares of the company that specializes in infrastructure development for the Indian railway network started Monday’s trading session on a higher note at Rs. 557.50 compared to its previous close of Rs. 552.35. During the trading session, the shares clocked a 10 percent upper circuit at Rs. 607.55 apiece.
Looking at the company’s financial performance, the revenue surged by 43 percent from Rs. 4,689.33 crores in the December quarter to Rs. 6,714.01 in the March quarter. In addition, the net profits jumped by 33 percent from Rs. 358.57 crores to Rs. 478.4 crores during the same period.
Rail Vikas Nigam has achieved a significant milestone with its order book reaching around Rs. 85,000 crores, out of this, Rs. 40,000 crores belongs to the bid portion and Rs. 45,000 crores to the nomination portion.
Indian Railway Finance Corporation Ltd
With a market capitalization of Rs. 2,55,751 crores, the shares of the financing company started Monday’s trading session on a higher note at Rs. 185.92 compared to its previous close of Rs. 183.44. During the trading session, the shares hit a high of Rs. 197.50, gaining around 8 percent and closed the day at Rs. 196 apiece.
Looking at the company’s financial performance, the revenue decreased by 4 percent from Rs. 6,737 crores during the December quarter to Rs. 6,474 crores in the March quarter. On the other hand, the net profits increased by 7 percent from Rs. 1,599 crores to Rs. 1,717 crores during the same period.
Also read
As of March 2024, IRFC’s total AUM stood at Rs. 4,64,641.28 crores. The company has a minimal credit risk exposure, with 98.94 percent of its AUM being exposed to the Ministry of Railways (MoR).
Ircon International Ltd
With a market capitalization of Rs. 28,192 crores, the shares of the construction company started Monday’s trading session on a higher note at Rs. 277.40 compared to its previous close of Rs. 274.60. During the trading session, the shares hit a high of Rs. 302.40, gaining around 9 percent and closed the day at Rs. 299 apiece.
Looking at the company’s financial statements, the revenue zoomed by 30 percent from Rs. 2,884.22 crores during Q3FY24 to Rs. 3,742.71 crores in Q4FY24. In addition, the net profits increased marginally by around 1 percent from Rs. 244.7 crores to Rs. 246.66 crores during the same timeframe.
As of March 31, 2024, the company’s order book stood at Rs. 27,208 crores, out of which 77 percent of orders were received from the railway segment, and the remaining 23 percent of orders were received from the highway and other segments.
Titagarh Rail Systems Ltd
With a market capitalization of Rs. 22,706 crores, the shares of Passenger Coaches manufacturing company started Monday’s trading session on a higher note at Rs. 1,624.90 compared to its previous close of Rs. 1,611.05. During the trading session, the shares hit a high of Rs. 1,707.70, gaining around 5 percent and closed the day at Rs. 1,690 apiece.
Coming onto the company’s financial statements, the revenue jumped by 10 percent from Rs. 954.68 crores during the December quarter to Rs. 1,052.41 crores in the March quarter. On the other hand, the net profits increased by 6 percent from Rs. 74.82 crores to Rs. 78.95 crores during the same timeframe.
As of March 31, 2024, the total order book of the company amounted to Rs. 28,076 crores. Within this figure, orders totalling Rs. 14,750 crores were directly received by the company, while the remaining Rs. 13,326 crores represent the company’s share of the order book within joint ventures.
Railtel Corporation of India Ltd
With a market capitalization of Rs. 16,384 crores, the shares of the PSU company started Monday’s trading session on a higher note at Rs. 489.50 compared to its previous close of Rs. 485.10. During the trading session, the shares hit a high of Rs. 516, gaining around 6 percent and closed the day at Rs. 509 apiece.
Looking at the company’s financial statements, the revenue zoomed by 25 percent from Rs. 668.36 crores during the December quarter to Rs. 832.7 crores in the March quarter. In addition, the net profits increased by 24 percent from Rs. 62.14 crores to Rs. 77.53 crores during the same period.
As per the latest data, the company has a robust order book of more than Rs. 4,700 crores, where more than Rs. 2,000 crores of new orders were received during the current year and is expecting an order inflow to be in the range of Rs. 4,000 to 5,000 crores next year.
Written By Vaibhav Patil
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
