PRIME MINISTER NARENDRA MODI LAID THE FOUNDATION STONES OF VARIOUS INITIATIVES
News: Prime Minister Narendra Modi laid the foundation stones of various initiatives of over Rs 32,800 crore including the Thane Integral Ring Metro Rail Project and Elevated Eastern Freeway Extension. The Thane Integral Ring Metro Rail Project will be constructed at around Rs 12,200 crore. The total length of the project is 29 km with 20 elevated and 2 underground stations.
Views: The announcement of such mega projects will lead to strong order inflow opportunities for capital goods companies. Across the value chain, L&T and KPIL will be key beneficiaries in the core EPC side whereas companies such as ABB & Siemens ( traction equipment, transformers and signalling equipment) , Timken and SKF India ( railway bearings) and BEML ( coaches) will be beneficiaries on the product side.
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