Highlights of Railway Budget 201 4

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 14:47 hrs Texmaco Rail and Engineering was quoting at Rs 117.60, down Rs 28.1, or 19.29 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 126.45. 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 3.58.



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Posted in: Indian Market Tips