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Railway supplier stocks drop as Railway Budget disappoints

Companies that offer products to the Indian railways saw their shares dropping, as there was disappoint from the Railway budget presented by Railway Minister Dinesh Trivedi. Texmaco dropped 7% to Rs 66.35, while Kalindee Rail Nirman too dropped 7% and Titagarh ...

Railways passing through difficult phase: Railway Minister

Railways Minister, Dinesh Trivedi said the railways was passing through a difficult phase, hinting at the organisation's poor financial health. The Minister said that the gross receipts for the year 2012-2013 was expected to be Rs 1.33 lakh crore, while the ...

Railways need Rs 14 lakh crores: Dinesh Trivedi

Indian Railways need a sum of Rs 14 lakh crores in the next 10 years, Dinesh Trivedi, Railways Minister said, while presenting the Railway Budget 2012-2013. Trivedi emphasised the need for funding to achieve ambitions of safety, consolidation capacity augmentation and,de-congestion. ...

Rail stocks on the slow track ahead of Railway budget

Seems like market operators are not expecting too much from the Railway Budget, unlike last year when shares of railway suppliers flared up before the Railway Budget. Titagarh Wagons was down Rs 2.70 at Rs 431, while Kalindee Rail Nirman was ...