Railway stocks rally on proposed Rs 16 lakh crore high-speed rail expansion plan
Mumbai, June 15 -- Railway stocks witnessed broad-based buying. RailTel Corporation of India climbed 3.82%, Rail Vikas Nigam (RVNL) rose 3.62%, Ircon International gained 2.82%, Container Corporation of India advanced 2.22%, Indian Railway Finance Corporation (IRFC) added 1.99%, Texmaco Rail & Engineering moved up 1.97%, Titagarh Rail Systems increased 1.74%, while BEML edged 1.06% higher.
The proposed programme envisages the development of seven high-speed rail corridors across the country. Among the key routes under consideration are the Delhi-Varanasi and Varanasi-Siliguri corridors, which are expected to significantly reduce travel time between northern and eastern India.
According to reports, the Delhi-Siliguri journey could be cut...
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