Shares of Texmaco Rail & Engineering surged 14.26 percent, while Titagarh Wagons jumped 5 percent and Container Corporation of India gained 5.8 per cent on the BSE.

Among others, Kalindee Rail Nirman Engineers rose by 4.96 percent and Stone India was up 4.99 percent.

As per the notification, segments of the Railways in which FDI will be allowed include suburban corridor projects through Public-Private-Partnership, dedicated freight lines, rolling stock including train sets, locomotives/coaches manufacturing and maintenance facilities, railway electrification, signalling systems, freight terminals, passenger terminals and infrastructure in industrial parks like railway line/sidings.

However, proposals involving FDI beyond 49 percent in sensitive areas, from security point of view, will be placed before the Cabinet Committee on Security (CCS) for approval by the Railway Ministry on a case-to-case basis, said a press note of the Department of Industrial Policy and Promotion.

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