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News: As per media sources, Indian Railways has approved a manufacturing plan for almost 10,000 non air-conditioned coaches in two years to meet the growing demand. Of these, 4,485 non-AC coaches will be manufactured in the ongoing financial year 2024-25 and next year, that is in 2025-26, another 5,444 such coaches will be rolled out. General seating coaches will have more than one-third share of the total number of coaches to be manufactured.
View: This announcement will be positive for companies present across the railway value chain. In our coverage, Timken India and SKF will be beneficiaries of the above as it will create requirement for tapered roller bearings. Also companies like Titagarh, Texmaxo rail and JWL will benefit on the coach manufacturing side.
Impact: Positive