Shares of railway-linked companies such as Titagarh Wagons, Rail Vikas Nigam Ltd (RVNL), and Jupiter Wagons surged up to 3–4% in trade on Tuesday after the Union Cabinet approved a major set of railway infrastructure projects worth ₹24,634 crore.
Announcing the decision at the National Media Centre, the government said the Cabinet has cleared four major projects covering a total track length of 1,619 kilometers across key railway corridors in Maharashtra, Madhya Pradesh, and Gujarat.
The approved projects include construction of the third and fourth lines between Bhusaval and Wardha, the fourth line between Gondia and Dongargarh, the third and fourth lines between Vadodara and Ratlam, and the fourth line between Itarsi, Bhopal, and Bina. Together, these projects aim to ease congestion, improve freight movement, and enhance overall operational efficiency on some of the busiest routes of the Indian Railways.
The total investment of ₹24,634 crore is expected to significantly boost capacity and reduce delays for both passenger and freight trains. Industry analysts believe this development will translate into new order opportunities for rolling stock manufacturers and rail infrastructure firms, making it a positive trigger for companies in the sector.
Reflecting this optimism, shares of Titagarh Wagons, RVNL, and Jupiter Wagons gained between 3% and 4% in trade, with investors betting on increased project activity and demand for wagons and equipment.
The Cabinet’s decision underscores the government’s continued push toward expanding and modernizing the country’s railway network, a key component of India’s infrastructure growth story.
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