Jupiter Wagons
Jupiter Wagons (Jupiter Wagons) is a leading manufacturer of railway freight wagons, passenger coaches and related components.BSE : 533272, NSE : JWL). The earlier name of the company was Commercial Engineers & Body Builders Company. Headquartered in Kolkata. It is the only Indian railway to be accredited by the American Association of Railways. It also manufactures high-end brake systems for metro trains and high-speed trains, freight wagons for cement and food grains, solid waste vehicles and MEMU/electric multiple units. In the last financial year, Jupiter Wagon’s revenue grew by 75% to Rs 2,069 crore. The stock is currently trading at Rs.270.
Canex Microsystems
CANEX Microsystems (BSE : 532686, NSE : KERNEX). After the Balasore accident in Odisha, the company became the focus of investors when the railways decided to expand the Kavach project. It is a company that manufactures systems and equipment to avoid train collisions. The exclusive license for this has been granted to Kernex Microsystems. Currently, the stock is trading at the level of Rs.400.
IRFC
IRFC is a public sector company that provides financing for major projects of Indian Railways from domestic and foreign markets.BSE : 543257, NSE : IRFC). The company’s operations are progressing by leasing the projects constructed in this way to the Indian Railways. The main objective of IRFC is to provide financial support to the Railways. Planning huge projects in the railway sector of the country will benefit the company. IRFC aims to diversify the area of financing in future. Last July, IRFC signed a cooperation agreement with Rights. IRFC shares are currently trading at Rs.47.
RVNL
Rail Vikas Nigam Limited (RVNL) is the construction wing and transport infrastructure development agency of the Ministry of Railways.BSE : 542649, NSE : RVNL). The company was formed in 2003 to rapidly complete large scale projects in the face of rapidly increasing demand in the country’s rail sector. The company focuses on development, financing and implementation of railway infrastructure development projects. Recently, one of the most prestigious projects of the Railways, Vande Bharat won the contract for the construction and maintenance of trains. RVNL was awarded the contract for 200 Vande Bharat trains at a cost of Rs 120 crore each. Currently, the stock is at Rs.123.
PT Engineering
PT Engineering (BSE : 513519, NSE : PITTIENG). It is a company that manufactures components required by customers in a unique and value-added manner. Therefore, PT Engineering Company has been able to secure long-term contracts with prominent customers like General Electric, Siemens and ABB India. Recently, the company has seen improvement in its revenue and net profit. Currently PT Engineering shares are trading at Rs 496.
(Notice: The above information is shared for educational purposes. Not an investment recommendation. You can consult SEBI approved financial experts before investing.)
