Rail stocks rally 10-14%, cabinet note on FDI cleared

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26 Aug, 2025 12:21

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Investors are buying rail stocks on hopes of getting final nod on foreign direct investment (FDI). Shares of Kalindee Rail surged 14 percent, Titagarh Wagons jumped 12 percent and Texmaco Rail and Engineering were up 10 percent intraday on Monday as Commerce and Industry Minister Anand Sharma said that cabinet note on FDI in railways is cleared.

The Department of Industrial Policy and Promotion (DIPP)  had proposed a 100 percent FDI through automatic route in the railways sector. However, FDI is not meant for areas related to train operations and safety. DIPP is batting for 100 percent FDI only in railway infrastructure such as elevated rail corridor projects, freight terminals, suburban corridors, dedicated freight lines and high-speed train systems.

Earlier presenting the interim Budget, Railway minister Mallikarjun Kharge had announced 17 new premium trains, 38 express trains and 10 passenger trains in the coming year.

Posted by Nasrin Sultana