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Infrastructure industries trading higher after the Union Budget

Stocks of the infrastructure and also constructions related companies are trading at higher levels after the Union Budget release.

In constructions, the stocks of KNR Construction and HG Infra Engg rose up.

Coming towards cement companies, Ultratech Cement and Kakatiya Cement jumped up and also SPML Infra are trading in green on the BSE index.

Union Budget has come up with many plans to boost the stagnant economy with infrastructure being the prime focus.

Finance Minister made an announcement that a National Bank for Financing Development will soon come into existence. This will take place in order to help the infrastructure financing process in the country.

The Finance Minster also clarified that the DFI will lent around Rs 5 lakh crore in the upcoming three years.

Sitharaman also added that the government will also come up with a bill to fund infra projects.

This bill will set up Rs 20,000 which will launch the National Asset Monetisation Pipeline which will simultaneously add up in the funds.

So far, National Infrastructure Pipeline covered around 7,000 projects . Meanwhile, projects around 1.1 lakh have been already finished under the NFP.

Since the government has expanded the fund NIP  the Infra and cement stocks have gained around 5 to 8 percent.

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