Amid hopes of a recovery in central government capex in H2 and the major announcements from the Union Budget, which is less than two months away, rail stocks were trading higher on Wednesday. Titagarh Rail Systems shares led the rally and were up about 9%. Texmaco Rail shares were trading 6% higher, while those of … Read more
The government is expected to spend ₹4.46 lakh crore more on infrastructure projects than the original estimates, a report released by the infrastructure and project monitoring division of the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday said. The original cost of 1,423 projects being monitored by the ministry was estimated at ₹ 20.38 … Read more
New Delhi: Poll-bound West Bengal, Assam, Tamil Nadu and Kerala have got a leg-up in terms of proposed infrastructure spending in the budget. In West Bengal, where BJP is aiming to unseat the ruling Trinamool Congress in elections later this year, Rs 25,000 crore has been earmarked for road projects, including 675 km of highway … Read more