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Rail Budget 2016: Railway-related stocks companies were in the limelight on Wednesday ahead of the rail budget to be presented on Thursday. The Railway Budget is expected to focus on massive capacity creation in the rail sector with an increased outlay of about Rs 1.25 lakh crore. A significant amount will be earmarked for safety upgradation, electrification, doubling and modernisation of yards to clear traffic bottlenecks, sources in the railways said. Industry body Assocham has also asked Railway Minister Suresh Prabhu togo in for a hike in the passenger fares, saying they have been kept low at the cost of freight traffic. Below are top 8 railway-related stocks which may remain in limelight this week. (PTI)
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Rail Budget 2016: BEML was established in May 1964 as a public sector undertaking for manufacture of rail coaches and spare parts and mining equipment at its Bangalore Complex. Government of India holds 54 per cent of total equity in the company. (Screenshot)
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Rail Budget 2016: Kalindee Rail Nirman (Engineers) is engaged as engineering, procurement and construction (EPC) contractors for railway sector. The company is a construction company engaged in building infrastructure for rail transport, which include signaling, telecommunications, track and information systems. (Screenshot)
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Rail Budget 2016: Alstom is engaged in power generation, power transmission and rail infrastructure. The company also build high-and-medium-volatage substations and develops technologies to manage power grids worldwide. (Reuters)
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Rail Budget 2016: Siemens Ltd in India has emerged as a leading inventor, innovator and implementer of leading-edge technology enabled solutions operating in the core business segments of Industry, Energy and Healthcare. The company also offers products and solutions in railway signaling and safety systems, traffic control and automation, electrification, traction equipment for locomotives and multiple unit system and mass transit vehicles. (Reuters)
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Rail Budget 2016: Hind Rectifiers is engaged in developing, manufacturing and marketing power semi conducters, power electronic equipments and railway transportation equipments. (Hind Rectifiers)
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Rail Budget 2016: Titagarh Wagons Ltd is primarily engaged in the manufacturing of railway wagons, bailey bridges, heavy earth moving and mining equipment, steel and SG iron castings of moderate to complex configuration. The company also manufactures products for the Indian defence establishment, such as special wagons, shelters and other engineering equipments. (Screenshot)
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Rail Budget 2016: Texmaco Rail & Engineering Limited operates in two business segments: heavy engineering division and steel foundry division. The company manufactures a diverse range of products, such as railway freight cars, and hydro-mechanical equipment. (Screenshot)
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Rail Budget 2016: Stone India is the undisputed leader in locomotive brake systems and has a wide range of mechanical and electrical products for the rail road industry. (Stone India)
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