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The railway ministry set ambitious targets for all its zones to commission new lines and double those where just a single line exists at the moment.

Source – Rail News

SNP Insights

Undoubtedly, Indian Railways is moving towards its targeted development phase. With the new rail track and doubling projects coming up, the rail network is expected to get widen. In addition, these projects open up huge opportunities for the EPC contractors like L&T, GMR constructions etc. Having said that, the contractors are likely to be in wait and watch mode until the project sanction materializes.

Source – SNP Infra Research