{"id":106336,"date":"2023-08-07T16:27:35","date_gmt":"2023-08-07T10:57:35","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106336"},"modified":"2023-08-07T16:27:36","modified_gmt":"2023-08-07T10:57:36","slug":"5-railway-stocks-jump-up-to-12-5-after-narendra-modi-announced-3-billion-redevelopment-project","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/5-railway-stocks-jump-up-to-12-5-after-narendra-modi-announced-3-billion-redevelopment-project\/","title":{"rendered":"5 Railway stocks jump up to 12.5% after Narendra Modi announced $3 Billion redevelopment project"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1861340828\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Indian government planned to redevelop 1300 major railway stations across the country under the Amrit Bharat Station Scheme. Redevelopment of 508 railway stations began on August 6,2023 after Prime Minister Narendra Modi laid the foundation stone for the projects, which are estimated to cost $3 billion (Rs 24,470 crore).&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2419233546\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Under the redevelopment project, 508 stations, spread across 27 states and Union Territories will be fully revamped in two years.The redevelopment will provide modern passenger amenities along with ensuring well-designed traffic circulation, inter-modal integration and well-designed signage for the guidance of passenger<\/p><p>In the coming years, the government aims to generate green energy from every railway station.<\/p><p><strong>The five railway-related stocks listed below rose up to 12.5% today<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-3767014720\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\" id=\"h-rail-vikas-nigam-ltd\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RVNL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Rail Vikas Nigam Ltd<\/a><\/strong><\/h4><p>Rail Vikas Nigam Ltd shares rose 2.6 percent on Monday, closed at Rs 125.15, up 2.04&nbsp; percent from the previous close price, with a market value of Rs 26,094 crores.<\/p><p>Rail Vikas Nigam Ltd is in the business of project development,financing and implementing rail infrastructure projects.<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RAILTEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Railtel Corporation of India Ltd<\/a><\/strong><\/h4><p>Railtel Corporation of India Ltd shares gained 4.3 percent on Monday and closed at Rs 173, up 2.52 percent from the previous close price, with a market value of Rs 5,552 crores.<\/p><p>Railtel Corporation of India is one of the country&#8217;s leading neutral telecom infrastructure providers, Company facilitates co-location for equipment of telecom operators&nbsp; at Railway stations as well as offers broadband and VPN services.<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/IRCON\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Ircon International Ltd<\/a><\/strong><\/h4><p>Ircon International Ltd shares increased 8 percent on Monday and closed at Rs 101.80, up 6.21&nbsp; percent from the previous close price, with a market value of Rs 9,574 crores.<\/p><p>The company specialises in railways (new railway lines, rehabilitation, station buildings and amenities, bridges, tunnels, signalling and telecommunication, railway electrification), motorways, and EHV substations.<\/p><div class=\"trade-content-10\" id=\"trade-214741580\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/IRFC\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Indian Railway Finance Corporation Ltd<\/a><\/strong><\/h4><p>Indian Railway Finance Corporation Ltd shares rose 12.5 percent on Monday, closed at Rs 49.75, up 10.43&nbsp; percent from the previous close price, with a market value of Rs 65,015 crores.<\/p><p>Indian Railway Finance Corporation is engaged in raising funds to meet the developmental needs of the Indian Railways through various financial markets.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TEXRAIL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Texmaco Rail and Engineering Ltd<\/a><\/strong><\/h4><p>Texmaco Rail and Engineering Ltd shares gained 7 percent on Monday, closed at Rs 107.80, up 6.42&nbsp; percent from the previous close price, with a market value of Rs 3,469&nbsp; crores.<\/p><p>Texmaco Rail &amp; Engineering Ltd manufactures rolling stock, hydro-mechanical equipment, steel castings, and the building of rail EPC, bridges, and other steel structures.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1353608163\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Indian government planned to redevelop 1300 major railway stations across the country under the Amrit Bharat Station Scheme. Redevelopment of 508 railway stations began on August 6,2023 after Prime Minister Narendra Modi laid the foundation stone for the projects, which are estimated to cost $3 billion (Rs 24,470 crore).&nbsp; Under the redevelopment project, 508 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[10639,10640,10637,10638,5221,5223,5222,948,936,10641,10636],"class_list":["post-106336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ircon-international-share-price","tag-irfc-share-price","tag-rail-vikas-nigam-share-price","tag-railtel-corporation-share-price","tag-railway-stocks","tag-railway-stocks-to-buy","tag-railway-stocks-to-watch","tag-stock-market","tag-stock-market-news","tag-texmaco-rail-and-engineering-share-price","tag-why-are-railway-stocks-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Railway stocks jump up to 12.5% after Narendra Modi announced $3 Billion redevelopment project - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The Indian government planned to redevelop 1300 major railway stations across the country under the Amrit Bharat Station Scheme. 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