Rail Budget a major boost for logistics companies, steel manufacturers

摘要

With the Indian Railways set to incur capital expenditure of Rs. 1.21 lakh crore in 2016-17, domestic steel makers and some logistics companies are likely to benefit. Initiatives such as construction of new rail lines, renewal of existing tracks and additions to the Railway's existing fleet of wagons and coaches, all of which use steel should spur steel consumption thereby benefiting domestic steel manufacturers.