Railways-linked stocks end mixed; FY22 Budget allocation for railways at Rs 1,10,055 crore

NEW DELHI: Railways-linked stocks ended mixed in Monday's trade after the FM Nirmala Sitharama announced an allotment of Rs 1,10,055 crore for the sector in FY20. Out of this, Rs 1,07,100 cr would be reserved for capital expenditure, the FM said while unveiling Budget 2021.

A budgetary support of Rs 70,000 crore was provided in the Budget 2020.

In the first paperless Union Budget, Finance Minister Nirmala Sitharaman said there will be 100 per cent electrification of broad gauge rail tracks by December 2023. The FM also said that railways freight corridors will be monetised. Shares of Kernex Microsystems ended 4.97 per cent at Rs 26.40.

But shares of Titagarh Wagons plunged 4.03 per cent to Rs 53.35. Texmaco Rail also dropped 4.66 per cent to Rs 29.65.
IRCTC added 0.24 per cent to Rs 1,460.45. IRFC added 1.01 per cent to end at Rs 25.10. BEML gained 1.02 per cent to Rs 920.55, while Ircon International rose 0.77 per cent to end at Rs 84.60.

The eastern and western dedicated freight corridors will be commissioned by June 2022, it was announced. The FM also announced plans for east coast corridor, east-west corridor, north-south corridors. Vista Dome, LHB Coaches will be provided in tourist routes, the FM said. She also announced that high-density routes will be provided with the anti-collision system. Indian Railways have a National Rail Plan for 2030, she said.

The 30-share pack Sensex advanced 2,314.84 points or 5.00 per cent to end at 48,600.61. Its broader peer, NSE Nifty climbed 645.60 points or 4.74 per cent to end at 14,281.20.