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Personal Finance - Highlights of Railway Budget 2014

08 Jul 2014

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Reform Measures

  • Proposal to restructure Railway Board
  • Aim to become the largest freight carrier in the world
  • To complete all ongoing projects

Trains, Fare & Tracks

  • FY15 passenger fare revenue pegged at Rs 44,600 crore
  • To introduce 6 AC, 27 Express trains in FY15
  • First bullet trains to run between Mumbai and Ahmedabad sector
  • Mumbai to get 864 additional state-of-the-art EMUs in 2 years
  • Allocated Rs 100 crore for high-speed rail network
  • To increase speed of some trains to 160-200 km/hr

Investments

  • To have diamond quadrilateral network for high-speed trains
  • Rs 5,116 crore earmarked for projects in Northeast this Fiscal
  • Propose Railways modernising via PPP projects
  • To allot Rs 1,780 crore to eliminate unmanned level crossings
  • Lifts, escalators via PPP route at all major stations
  • Railways needs Rs 50,000 cr every year for 10 years
  • CCTV in all stations to monitor cleanliness
  • Proposal to st up food courts at stations
  • To recruit 4,000 Women RPF constables
  • To encourage corporate houses to adopt stations
  • To talk to industry to attract investment under PPP, BOT modes

Texmaco Rail stock price

On July 08, 2014, at 15:06 hrs Texmaco Rail and Engineering was quoting at Rs 116.80, down Rs 28.9, or 19.84 percent. The 52-week high of the share was Rs 149.80 and the 52-week low was Rs 26.05

The company’s trailing 12-month (TTM) EPS was at Rs 0.93 per share as per the quarter ended March 2014. The stock’s price-to-earnings (P/E) ratio was 125.59. The latest book value of the company is Rs 32.85 per share. At current value, the price-to-book value of the company is 3.56.

Source: http://www.moneycontrol.com/ BACK

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