Union Budget 2017-18: J Kumar Infra up 5% on 25 stations redevelopment plan

Moneycontrol BureauShares of J Kumar Infraprojects and ITD Cementation India gained 2-5 percent on Wednesday as government will provide re-development of 25 stations in 2017-18.Finance Minister Arun Jaitley in Union Budget 2017-18 has announced that the contract for re-development of atleast 25 stations will be awarded in 2017-18.The government is propose to invest Rs 1.31 lakh crore in railways in 2017-18, out of which Centre will fund Rs 55000 crore of railway infra budget.The Railway Budget has presented by Finance Minister Arun Jaitley in Parliament today which has been merged with the General Budget.At 11:56 hrs J Kumar Infraprojects was quoting at Rs 230, up Rs 5.20, or 2.31 percent and ITD Cementation India was quoting at Rs 163.60, up Rs 3.10, or 1.93 percent.Posted by Rakesh Patil