Railway psu stocks: The central government on Friday approved four major railway multicraking projects. Their total cost is ₹ 18,658 crore. After this, investors will remain eyeing on railway PSU shares like IRFC, RVNL and Railtel on Monday (7 April 2025). There can be a big movement in them.
Which railway projects have been approved?
These projects will be spread in Maharashtra, Odisha and Chhattisgarh. It will upgrade about 1,247 km rail network. A new rail line of 615 km will be built in Chhattisgarh at a cost of ₹ 8,741 crore, which will save logistic cost of up to ₹ 2,520 crore as compared to road transport.
The special thing is that the Kharsia-Nayi Raipur-Paraktasa line will directly connect with areas like Baloda Bazar. This will make the development of new cement plants and industrial units possible.
A budget of ₹ 4,819 crore has been received for dabbling on Gondia-Balhar Shah route in Maharashtra. An approval of ₹ 3,917 crore has been received for the third and fourth lines between Sambalpur-Zapada in Odisha. At the same time, new lines will be laid from Jharsuguda to Sasan.
There will also be a lot of jobs
These projects will produce about 379 lakh human-day direct jobs in the construction phase. Connectivity of about 3,350 villages will be improved, which will affect 47.25 lakh people.
These projects will increase the freight capacity of the railway by 88.77 million tonnes annually. This will reduce logistic expenses and reduce India’s dependence on oil imports by 95 million liters.
Which shares will be eyeing the investors
- IRFC shares fell 2.69% to close at ₹ 125.69 on Friday.
- RVNL fell 2.39% to close at ₹ 351.15.
- Railtel’s stock fell 4.41% to ₹ 298.
- Container Corp closed 3.43% to close at ₹ 690.
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