Railway Budget: KEC hopes for sustained growth ahead

"The Railway Budget 2012 is a positive one. Planned investments have seen a quantum boost in the business opportunities for the infrastructure companies as against investments in the previous years. As compared to the 2 lac crore in the previous plan, investments in the 12th plan are envisaged at more than 7 lac crore. The creation of a separate Secretary  for PPP projects reflects a sense of purpose to attract investments in Railways. Investments of 14 lac over the next 10 years will result  in higher investment in Railway projects over the next 10 years. With huge investments planned in this budget, mobilization of funds by the railways will have to be planned at a fast pace.

KEC can look forward to a sustained growth in Railway construction over the coming years.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.