Railway stocks surge as govt eyes four-laning of key routes

Railway stocks traded higher on Thursday after Union Minister Ashwini Vaishnaw said Indian Railways was moving towards four-laning its entire high-density network. Titagarh Rail Systems, IRCON International, Texmaco Rail & Engineering, RailTel Corporation and Indian Railway Finance Corporation gained in early trade. Vaishnaw said the plan was part of a broader effort to expand railway capacity.