Indian Railway Budget 2012-13 - Ambitious agenda · :Emkay PDF link

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Indian Railway Budget 2012-13 Ambitious agenda ·      Rail budget sets ambitious targets for FY13 (revenue) and 4x increase in capital outlay 12th five year plan to Rs7350bn. Aims to achieve sharp improvement in operating ratio ·      FY13E highlights (1) Gross Traffic Receipts at Rs1.3tn (+28%) (2) Operating Ratio at 84.9% (+1010 bps) and (3) capital outlay at Rs 601bn (up 21%) ·      Targeting operating ratio to 74% by FY17 v/s 95% in FY12. This is significantly higher than avg. of 93% (FY09-FY12).  Budget is benchmarking ratio to best year ever of 1963-64 ·      Sharp freight rate hike (on 6th march) will be negative for sector relying railway for transportation. Mixed budget for railway related stocks

Click here to read report: Indian Railway Budget 2012-13