Railway Budget Reaction - Mr. S. K. Nevatia - Chairman & MD, Hind Rectifiers Ltd.

"Some of the noteworthy positives in the just announced railway budget would be the completion of 1,200 kms of electrification and the gauge conversion of 450 kms from narrow gauge to broad gauge. The modernization of the railways has been given some importance with special emphasis on safety. With regard to urban travel, which is an increasingly critical portion of rail travel in the country, the progress in Kolkata metro and the introduction of AC Coaches in the suburban trains of Mumbai is a welcome move. Overall, we see the railway budget 2013 - 14 has been more positive for Hind Rectifiers as compared to the previous year."

Source : Equity Bulls

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