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RVNL, Ircon, other rail shares rally up to 9% amid reports of capex boost in Budget

2025-01-16 05:29:27| The Economic Times

Rail stocks surged with RVNL and Ircon leading, as reports suggest the upcoming Union Budget may increase Indian Railways' capital expenditure by 15-20% to over Rs 3 lakh crore for FY26. The higher allocation is expected to fund new tracks, upgrades, and rolling stock purchases, driving optimism among investors.


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