The Indian Railway Finance Corporation (IRFC) has announced a fundraising initiative, aiming to secure up to Rs.50,000 crore from both domestic and international markets. This plan, approved by the IRFC board, involves the issuance of bonds or procuring bank loans in FY25 for this fundraiser. IRFC’s Fundraising Mix The IRFC plans to raise funds through …
RVNL Announces Q4 Results, Beats Estimates, Profits Up 33.2%
17 May 2024Rail Vikas Nigam Limited (RVNL) has announced its Q4FY24 results today. According to the consolidated financial statements, RVNL and its subsidiaries reported a significant increase in revenue and profitability, reflecting strong operational efficiency and effective management. Financial Performance The revenue increased by 17.2% to Rs.6,714 crore from Rs.5,720 crore. EBITDA rose 21.6% to Rs.456 crore …
Titagarh Rail Systems Jump BY 8%, As Order Book Extends Till FY27
7 May 2024Titagarh Rail Systems Ltd, known as Titagarh Wagons Ltd. is an Indian rolling stock manufacturer in the private sector. The stock of Titagarh Wagon has jumped by 8% today, the company has an extended order book till FY27 and market analysts are also bullish on the stock as they believe that the company is going …
The Railway Stock Surge: A Three-Year Rollercoaster Ride
19 October 2023The Indian Railways have recently shown significant improvements in project execution, and they operate the fourth-largest railway system globally with an extensive network that spans the entire country. This vast network employs over 1.4 million people, making the railway industry India’s largest employer. Railway stocks have experienced a remarkable surge, with some companies seeing their …
Shares Of Ircon International Surge Post Sri Lanka Railways Deal!
25 September 2023The Indian benchmark indices ended a highly volatile session with slight gains, having experienced modest gains and losses throughout the session. The BSE Sensex edged up by 0.02% to 66,023 level at the close. The Nifty 50 index edged up by 0.01% to a level of 19,674. Shares of Ircon International Ltd exhibited positive momentum …
G20 Summit Unveiled Major Rail Corridor Developments
11 September 2023Indian Prime Minister Narendra Modi has announced the launch of the India-Middle East-Europe mega economic corridor, marking a significant step toward economic integration between India, West Asia, and Europe. The initiative has garnered international attention, with US President Joe Biden describing it as a “game-changing regional investment.” What is the deal with the rail corridor …
