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Indian Railway Shares Surge on Rs 1,068 Crore Bridge Order, Capex Outlook

Investor confidence reflects government plans to ramp up capital expenditure following a landmark Rs 1,068 crore rail bridge contract award.

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Ircon International, RailTel, RVNL, IRFC, Texmaco Rail: Why railway stocks rose up to 15% today
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PM Narendra Modi | Image: PM Narendra Modi

Overview

  • IRCON International’s stock jumped 13.61% on June 4 after winning a Rs 1,068.34 crore East Central Railway order for a broad-gauge rail bridge between Bikramshila and Katareah stations.
  • Rail Vikas Nigam Ltd climbed 6.45% despite a 4% year-on-year Q4 net profit decline, supported by fresh order inflows of Rs 6,600 crore for the quarter.
  • RailTel Corporation rallied 10.20% as its Q4 profit rose 46.3% year-on-year to Rs 113.4 crore and revenue increased by 57%.
  • Indian Railway Finance Corporation posted its highest-ever annual profit of Rs 6,502 crore in FY25, lifting its shares by 3.20%.
  • RITES Ltd ended FY25 with a near-Rs 8,900 crore order book, and investor optimism is buoyed by projected increases in government rail spending.