India's railway stocks jump on possible deal talks with Saudi, US

Ircon International

08/09/2023 10:11

** Some shares part of Indian railways including Rail Vikas
Nigam  RAIV.NS , Ircon International  IRCN.NS  and RITES
 RITS.NS  jump between 7%-9%
    ** The U.S., Saudi Arabia and India are discussing possible
rail, port deal, Reuters reported 
    ** Three countries and some other nations are discussing
potential infra deal that could reconfigure trade between Gulf
and South Asia, linking Middle Eastern countries by railways,
report said
    ** U.S. President Joe Biden set to meet Indian PM Modi and
may also hold talks with Saudi Crown Prince Mohammed bin Salman
in G20 conference in New Delhi, Reuters reported
    ** Ircon is engineering and construction co, while Rail
Vikas Nigam provides rail infra and RITES provides
transportation infra related tech
    ** RAIV, RITES hit record high
    
    
    

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))