Indian Railways' Mega ₹40,000 Crore Freight Wagon Tender Sparks 10% Surge in Railway Stocks
मुख्य बातें
- •Indian Railways is preparing a ₹40,000 crore tender to procure 1 lakh freight wagons over 3–4 years, the largest since 2022.
- •Railway stocks including Jupiter Wagons, Titagarh Rail Systems, and Texmaco Rail surged up to 10% on Monday after the news.
- •The tender will be issued in phases starting July–September 2024, with annual orders of 35,000–40,000 wagons.
- •Titagarh Rail Systems is expected to gain significantly due to strong passenger and metro rail demand, with a ₹108 billion order book.
- •Jupiter Wagons faces cautious outlook from analysts due to high dependence on the slower-growing freight wagon segment.
- •Jefferies favours Titagarh over Jupiter, citing stronger growth and better structural positioning in passenger rail systems.
Indian Railways is set to launch a massive procurement drive for freight wagons, with a tender worth up to ₹40,000 crore for one lakh wagons over the next three to four years. The announcement triggered a sharp rally in railway sector stocks on Monday, with shares of key players rising by up to 10%. The news, reported by *Mint* and cited by multiple sources, follows the completion of a previous tender in 2022 and signals strong demand for freight wagon manufacturing capacity in India.
