DELHI (Metro Rail News): Shares of railway companies, including IRCTC, IRCON International, Titagarh Railway Systems, RVNL and IRFC, rose by up to 4% on Thursday after the Cabinet Committee on Economic Affairs (CCEA) approved five railway multitracking projects worth around ₹10,021 crore.
The projects will cover 17 districts across Tamil Nadu, Andhra Pradesh, Karnataka and Telangana. The five projects will add 540 km to the existing Indian Railways network and are planned for completion by 2029-2030.
In today’s stock-market trading session, Titagarh gained 2% to ₹894, while IRCON International rose 3.6% to trade at ₹119 per share. IRCTC was up over 1%, while RVNL gained 2% to ₹211 per share. IRFC also traded 1% higher on Thursday.
Companies likely to benefit from railway expansion
According to a Trade Brains report, companies such as IRCON International, Titagarh Rail Systems and RVNL are likely to benefit from the government’s ongoing railway infrastructure expansion and multitracking projects.
The weekly brief metro & rail professionals read.
IRCON International: The company had an order book of Rs 23,366 crore as of June 30, 2026, with a significant 77% of its projects coming from railways, making it a direct beneficiary of the multitracking projects.
Titagarh Rail Systems: Titagarh Rail Systems had a total order book of Rs 26,635, including its shares in Joint Ventures. Its freight and passenger train businesses could benefit from higher freight movement and increased demand for railway wagons.
RVNL ( Rail Vikas Nigam Limited ): The Navratna company had an order book of Rs 93,492 crore on June 30, 2026. Around Rs 58,000 crore was from railways and over Rs 12,000 crore from signalling and telecom projects, making it a major beneficiary of the multitracking projects.
Railway expansion could drive growth for IRCTC
The company could benefit as more trains and passengers may increase demand for its ticketing, catering and tourism services.
3 more projects approved under PM Gati Shakti
The CCEA also approved three railway multitracking projects worth ₹10,783 crore across 14 districts in West Bengal, Jharkhand, Odisha, Madhya Pradesh and Chhattisgarh. The project planned for completion by 2029-23 will add nearly 656 km to the Indian Railways network. The projects are expected to increase freight traffic by 27 MTPA (Million Tonnes Per Annum).