Chennai Metro Rail project | Indian stocks for delivery | Indian Stocks to Make You a Millionaire

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Chennai Metro Rail project | Indian stocks for delivery

Posted By On 6:44 PM Under

1. Kalindee rail Nirman is a stock worth accumulating with minimum 3 months perspective as lot of action will be seen in this sector in times of UPA govt.

2. Chennai Metro Rail project is off to a start as Tamilnadu govt has approved Rs.550 crore for the project (total cost 14,600-crore) and has even appointed Egis Rail SA of France as general consultants to assist Chennai Metro Rail in design, supervision, quality control and safety of the project. This project is likely to see light of the day by year 2014-2015. Japanese govt is providing 59% of loan on concessional terms for the project.

3. The first phase of the project consists of two corridors with a combined length of 45 km. The 23.1-km long first corridor will run from Washermanpet to the Chennai airport via Anna Salai, while the the second one will run from Chennai Central to St.Thomas Mount via Koyambedu.
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