Railway Budget Expectation - Mr. Rajesh Chandan, CEO, Hind Rectifiers

"The Indian Railways ensures transportation services to citizens and businesses and enhances infrastructural backbone of the country. The railway budget is crucial to the running of this institution. Overall, we would expect increased focus on modernization of the railways and increased spending on safety and infrastructure from the rail budget.

This would be achieved through allocation of funds for modernization and maintenance of infrastructure such as power equipment, signaling equipment, fencing lines, firefighting equipment etc.

Providing additional services would also provide a huge fillip. Implementation of high speed rail, metros/monorail in multiple cities and increased usage of Electrical Multiple Unit (EMU) trains between stations would improve operations, provide more options to consumers and enhance revenues. Increased participation of the private sector through Public Private Partnership (PPP) should be encouraged which would result in increased rail investment.."

Source : Equity Bulls

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