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Visit http://indiaer.blogspot.com/ for complete details �� ��
http://www.kotaksecurities.com/pdf/indiadaily/indiadaily16032012.pdf
Infrastructure: Indian Railways capex
` 20% rise in planned spends on safety, SPV; but physical infrastructure
target not increased materially
` High fixed-cost business; previous strong business improvement was on
increased usage of assets
` Strong FY2013 revenue growth estimate on the back of tariff hike (both
freight and passenger)
Visit http://indiaer.blogspot.com/ for complete details �� ��
http://www.kotaksecurities.com/pdf/indiadaily/indiadaily16032012.pdf
Infrastructure: Indian Railways capex
` 20% rise in planned spends on safety, SPV; but physical infrastructure
target not increased materially
` High fixed-cost business; previous strong business improvement was on
increased usage of assets
` Strong FY2013 revenue growth estimate on the back of tariff hike (both
freight and passenger)
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