Top 7 railway ancillary stocks to play the railway theme in 2024
the growth of Indian railways is imminent. India needs to up its game and increase the daily train numbers substantially to meet the surging demand in the travel sector. The Indian Railways is gearing up for a massive investment of ₹1 trillion (tn) in acquiring new trains in response to this rise in demand.
Besides the top railway stocks in India such as RVNL, Ircon International, Rites, IRCTC, there’s a separate category of stocks in this industry– the railway ancillary sector. Locomotives and wagons apart, think about signalling systems, freight logistics, construction firms, and even technology providers. Railway ancillary companies are the unsung heroes of the railway world, driving modernization and efficiency.
Like auto and auto ancillary stocks, the performance of railway and railway ancillary stocks goes hand in hand. In this article, we’ll look at all the listed railway ancillary stocks in India. #1 K&R Rail Engineering First on this list is K&R Rail Engineering.
The company is engaged in carrying on the business of laying private railway sidings on a turnkey basis. This also includes independent techno-economic and engineering surveys, planning, and project management for private railway players. Supported by healthy execution of its order book, the company has seen a sharp spike in its revenue for FY23.
The company has usually finished most of its projects before or on time for which it has also been rewarded with a bonus. Over the years, it has built a strong list of clients which includes Ramco Cements, ACC, Kakinada Seaports, Paradip Port Trust, AP State Ware Housing Corporation, Essar Constructions, JSW Cement, Tata Projects, among others. The healthy execution has resulted in its client giving repeat
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