Rail budget, eco survey push up infra shares

Shares in infrastructure firms IVRCL Infra, GMR Infra and Punj Lloyd rose 2% to 7% on expectations of more orders after the federal railway budget announced a 576.3 billion rupees outlay for 2011-12 today.

Shares in infrastructure firms IVRCL Infra, GMR Infra and Punj Lloyd rose 2% to 7% on expectations of more orders after the federal railway budget announced a 576.3 billion rupees outlay for 2011-12 on Friday.

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The Finance ministry said in a report on Friday that there was an urgent need to streamline land acquisition and expedite environment clearances for infrastructure projects.