Budget 2020: Stocks of logistics companies rose up to 3.97% after Rs 1.7 lakh crore allocation
February 4, 2020: Stocks of seven important transport companies rose on February 1 after Finance minister Nirmala Sitharaman presented the Union Budget 2020-21 by allocating Rs 1.7 lakh crore for building transport infrastructure.

February 4, 2020: Stocks of seven important transport companies rose on February 1 after Finance minister Nirmala Sitharaman presented the Union Budget 2020-21 by allocating Rs 1.7 lakh crore for building transport infrastructure.
“IRCTC (up 3.97%), Rites (up 3.35%), Interglobe Aviation (up 2.84%), NELCO (up 2.97%), Siemens (up 1.58%), Container Corporation of India (up 1.47%), Larsen & Toubro (up 0.34%) and BEML (up 0.34%) edged higher,” reports Business Standard.
The budget has also allocated Rs 19.6 lakh crore for roads, Rs 13.69 lakh crore for railways, Rs 1.43 lakh crore for airports and Rs 1.01 lakh crore for ports, promised 100 new airports by 2024, flight & railway cold chain for farmers to transport perishables, electrification of 27,000 railway tracks, more private trains to tourist destinations, corporatization and listing of at least one port, completion of National Waterway- 1 and announced the launch e-logistics market.
NIIF invests ₹2250 crore for 22.5% share in DP World's Hindustan Ports
1 July 2022 11:16 AM GMTCMA CGM lowers freight rates to support French households
1 July 2022 10:30 AM GMTOver 250 jewellers switch from email to BVC's WhatsApp For Logistics...
1 July 2022 8:17 AM GMTDrewry says beginning of end for carriers' bull run
1 July 2022 7:00 AM GMTMSC signs UN Global Compact Sustainable Ocean Principles
30 Jun 2022 1:00 PM GMTMahindra Logistics to focus on skill enhancement of D&I candidates
30 Jun 2022 12:38 PM GMTXeneta Shipping Index zooms over 10% in June
30 Jun 2022 11:45 AM GMT