FM announces 400 new Vande Bharat trains; rail-related stocks mixed

NEW DELHI: Stocks related to Indian Railways were trading mixed in Tuesday’s session after FM Sitharaman made a slew of announcements for the sector.

In her Budget speech, the FM said “one product, one railway station” will be popularised and that 400 new Vande Bharat trains to be introduced. Under the Gati Shakti plan, the new generation trains will be developed over three years, she said, while suggesting that innovative funding be encouraged for new metro rail systems.