FM Sitaraman reviews Performace of Railway sector. Urge to meet Budgeted capital expenses target of 2,62,000 crore during 2024-25.

As per recent policy changes, FM is the reviewer of all PSU performance, FM has authority to upgrade or down grade a PSU where the salary of board members would get affected.

She has strictly instructed Railways that the budgeted Capex plan of 2,62,000 crore should be spent in (1) Safety kavach (2) doubling of tracks (3) electrification of tracks (4) Laying of new railway lines (5).Vande Bharat trains & passenger coach.
(6)the Interim Budget for 2024-25 also provided for three Economic Railway Corridors Programmes identified under the PM Gati Shakti for enabling multi-modal connectivity, including energy, mineral, and cement corridors; port connectivity corridors, and high traffic density corridors

Railway is well known for meeting capex target for last two years.

So, all railway stocks and ancillaries are likely to do well.
Dicl: Invested for long term from lower level in a basket of railway stocks. Hence biased. Please do your own assessment before buy sell.