BEML, Titagarh, Texmaco likely to benefit from rail budget

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BEML, Titagarh, Texmaco likely to benefit from rail budget

Railways plans to acquire 18,000 new wagons and five new wagon factories under the PPP model is positive for companies like BEML, Titagarh, Texmaco and Gabriel due to high procurement target and opportunity to participate under wagon factory through the PPP model says Sharekhan research report.

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Texmaco Infra BSE | NSE 29/05/12 Are Mutual Funds betting on Texmaco Infra?

Sharekhan says railways plans to acquire 18,000 new wagons and five new wagon factories under the PPP model is positive for companies like BEML, Titagarh, Texmaco and Gabriel due to high procurement target and opportunity to participate under wagon factory through the PPP model

"Passenger fares and freight rates left unchanged at a broader level except for some tinkering (lower service charges for passenger and lower freight on food grain and kerosene).

Strong emphasis on the public-private partnership (PPP) model with a new business model to be developed for meeting the huge funding requirement for improving the railway infrastructure. A special task force will be formed to ensure project clearance within 100 days and smooth execution of projects.

"Golden Rail Corridor", a dedicated passenger route to be set up on the lines of the dedicated freight corridor.

Significant emphasis on improvement of railway infrastructure, increasing network coverage and providing better amenities, though clarity on the timeline of investments and actual actionable measures are yet to be spelt out.

New production facilities planned under the PPP model including five new wagon factories, one rail axel factory and ten auto ancillary hubs." says sharekhan research report.

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To read the full report click on the attachment