Stone India shares gain 5% on deal with US firm
Stone India shares rose nearly 5 per cent after the locomotives parts maker said it entered into a pact with US-based RailRunner to introduce intermodal freight cars and transportation technology in India.
By ET Online |
MUMBAI: Stone India shares rose nearly 5 per cent after the locomotives parts maker said it entered into a pact with US-based RailRunner to introduce intermodal freight cars and transportation technology in India.
Such a system will allow seamless point to point movement of containerised goods between road and railway in a very cost effective & environment friendly manner allowing container trains to run at passenger train speeds.
At 1 pm, the shares eased gains and were trading at Rs 54.25, up 1.5 per cent after touching a high of Rs 56.05.
Such a system will allow seamless point to point movement of containerised goods between road and railway in a very cost effective & environment friendly manner allowing container trains to run at passenger train speeds.
At 1 pm, the shares eased gains and were trading at Rs 54.25, up 1.5 per cent after touching a high of Rs 56.05.
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