IRCON, RVNL, Titagarh, other railway shares surge up to 7% after cabinet green-lights new projects
Published on 07/10/2025 03:31 PM
IRCON, RVNL, Titagarh, other railway shares surge up to 7% after cabinet green-lights new projectsThe cabinet has approved four new projects worth ₹24,634 crore, Railways minister Ashwini Vaishnaw announced on Tuesday.By Hormaz Fatakia October 7, 2025, 3:31:03 PM IST (Published)1 Min Read(Photo Credit : REUTERS/Adnan Abidi)Shares of state-run railway companies, IRCON International Ltd., Rail Vikas Nigam Ltd., (RVNL), RailTel Corp. of India Ltd., surged up to 6% after the Cabinet approved four new projects at the conclusion of its meeting on Tuesday, October 7.
The cabinet has approved four new projects worth ₹24,634 crore, Railways minister Ashwini Vaishnaw announced on Tuesday.
The projects approved include:
Bhusaval - Wardha third and fourth line worth ₹9,197 crore
Gondia - Dongargarh fourth line worth ₹2,223 crore
Vadodara - Ratlam third and fourth line worth ₹8,885 crore
Itarsi - Bhopal - Bina fourth line worth ₹4,329 crore
IRCON, RVNL and other railway companies are involved in the supply and construction of railway infrastructure.
Shares of IRCON International surged 7% after the announcement to ₹184.4. The stock is still down 15% in 2025 so far.
Shares of RVNL closed with gains of 2.6% on Tuesday at ₹355.6. The stock is down 17% year-to-date.
Shares of RailTel ended 3.5% higher at ₹398.2. The stock has risen 15% in the last one month and has nearly erased all of its losses for the year.
Most of the other railway stocks also ended at or near the highest point of the trading session.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsIrcon InternationalIRCON shareRailTel Corporation of IndiaRailway stocksRITESRVNL share priceshare market today