Shares of railway-related companies traded higher after Finance Minister Nirmala Sitharaman, in the Union Budget 2026, proposed the development of seven high-speed rail corridors, signaling a strong push to modernize India’s rail infrastructure and enhance long-distance mobility.
Quadrant Future Tek (up 2.59%), Jupiter Wagons (up 1.24%), IRFC (up 1.10%), RITES (up 1.20%), and RailTel (up 1.08%) edged higher.
The proposed corridors include Mumbai–Pune, Hyderabad–Pune, Hyderabad–Bengaluru, Chennai–Bengaluru, Delhi–Varanasi, and Varanasi–Siliguri, aimed at improving intercity connectivity, reducing travel time, and supporting economic activity across key urban and industrial clusters.
The announcements were made during Sitharaman’s ninth consecutive Union Budget presentation in the Lok Sabha.