WHAT IS BUDGET ?
A government budget is like a financial roadmap that plans out how much money the government expects to get and where it plans to spend it over a specific time, usually a year. The budget is like a big to-do list that helps the government decide what’s important and where to focus its efforts. It’s a tool for managing money smartly.
Firstly, the budget decides how much money goes to different government programs and services, making sure important things are taken care of. Then, it predicts how much money will come in, like taxes and fees. This helps the government know how much cash it has to work with.
The budget also thinks about spending in specific areas, such as education, healthcare, building things like roads, and keeping the country safe. It’s like planning where to spend your allowance on different things you need.
Governments use the budget to decide if they’ll have more money coming in than going out (a surplus) or the other way around (a deficit). This helps them decide whether to borrow money or save up.
The budget isn’t just about money; it’s a tool for keeping the economy steady. By making smart financial choices in the budget, the government can help manage things like prices going up (inflation), people not having jobs (unemployment), and overall economic growth.
A good budget is also about being honest and clear. It shows citizens exactly where their money is going, creating trust and making sure the government is doing what it said it would do. Lastly, the budget reflects the government’s promises and what it thinks is essential for the country. It’s like a plan that shows where the government is putting its focus to make things better for everyone.
Here’s a details Of Best stock for budget 2024
1) Rail Vikas Nigam Ltd
Rail Vikas Nigam Ltd, established in 2003 by the Government of India, focuses on implementing diverse rail infrastructure projects assigned by the Ministry of Railways. Their projects cover doubling, gauge conversion, new lines, railway electrification, major bridges, workshops, production units, and sharing freight revenue with Railways under concession agreements.
Rail Vikas Nigam Ltd offers a range of services, including laying new railway lines, doubling existing routes, converting meter gauge lines to broad gauge, electrifying rail networks, setting up metro lines in cities, establishing workshops for manufacturing and repairing rolling stock, and undertaking various infrastructure projects such as constructing bridges and ensuring railway safety.
2) IRCTC (Indian Railway Catering and Tourism Corporation)
Established in 1999, IRCTC is a vital player in India’s railway sector, holding the esteemed status of a Mini Ratna (Category 1, Central Public Sector Enterprise). It stands as the exclusive entity authorized by the Indian government to facilitate online booking of railway tickets, catering services, and the provision of packaged drinking water at both railway stations and on trains across the country. IRCTC has become synonymous with efficient and accessible rail travel services, offering a user-friendly online platform for ticket reservations and extending its expertise to include catering solutions, enhancing the overall travel experience for millions of passengers.
3) NBCC
NBCC (India) Limited, a Government of India Navratna Enterprise under the Ministry of Housing and Urban Affairs, operates in three key segments. Firstly, in Project Management Consultancy (PMC), it handles civil construction projects like residential and commercial complexes, hospitals, educational institutions, and government redevelopment initiatives. Secondly, in Engineering Procurement & Construction (EPC), NBCC executes diverse projects including High Rise Chimneys, Cooling Towers, and Coal Handling Plants. This involves the entire project lifecycle, from conceptualization and feasibility studies to construction and commissioning. Lastly, in Real Estate Development, NBCC is engaged in the creation of residential projects like apartments and townships, as well as commercial projects including corporate office buildings and shopping malls. This multifaceted approach positions NBCC as a key player in urban development, contributing to various sectors and enhancing infrastructure across the country.
4)Tata Power
Tata Power Company Ltd is a major player in electricity generation, transmission, and distribution, with a commitment to producing electricity entirely from renewable sources. It is also involved in manufacturing solar roofs and has ambitious plans to establish 1 lakh electric vehicle (EV) charging stations by 2025. Recognized as India’s largest vertically-integrated power company, Tata Power boasts a diverse power portfolio. As of H1FY24, it has a substantial energy capacity of 14,381 MW, encompassing thermal, wind, hydro, waste heat recovery, and solar sources, with additional renewable capacity under construction. The company has signed agreements for a Pumped Hydro Project, holds a significant solar EPC order book, and has executed over 11.5 GW of large projects. Notably, Tata Power operates a widespread network of over 4,900 public EV charging points across numerous cities and towns. With a manufacturing capacity of around 4.9 GW, including operational and under-construction facilities for cells and modules, Tata Power is at the forefront of India’s sustainable energy landscape.
5)Olectra Greentech Ltd
Established in 1992, Olectra Greentech Limited is a company based in Hyderabad primarily involved in two key business segments. The major focus, contributing to 82% of its revenue as of FY22, is on the manufacturing of electric buses. The company offers a range of electric bus models such as E bus V2, iX, X2, and CX2. In addition, Olectra Greentech is engaged in the production of composite polymer insulators, making up 18% of its revenue. These insulators cater to diverse volt requirements and are used in both transmission and distribution. For railway applications, the company manufactures 25 KV insulators, including components like Tonne, Bracket Tube, and Stay arm. Olectra Greentech operates with a commitment to advancing sustainable and eco-friendly solutions in the realms of electric transportation and electrical insulator manufacturing.
6) Tata Motors
Tata Motors Group, a prominent global automobile manufacturer and part of the Tata conglomerate, is renowned for its extensive range of cars, SUVs, trucks, buses, and defense vehicles. Operating in multiple countries, including India, the UK, South Korea, and more, it has a robust global presence through subsidiaries and joint ventures, such as Jaguar Land Rover and Tata Daewoo. In terms of revenue mix for FY22, Jaguar Land Rover contributes 67%, Tata Commercial Vehicles 19%, Tata Passenger Vehicles 11%, and others 1%. Notably, Jaguar Land Rover, acquired in 2008, has a strong order book, and Tata Motors continues to enhance production capacity for iconic models. The Commercial Vehicles segment holds a substantial market share, introducing over 223 variants in FY24. In Passenger Vehicles, Tata maintains a 13.5% domestic market share in H1FY24 and a significant share in the EV market, with expanding charging infrastructure. Tata Motors Group remains a key player in the global automotive landscape, offering diverse and innovative mobility solutions.
7) IRFC
Established in 1986, the Indian Railway Finance Corporation (IRFC) plays a crucial role as the funding arm for the Indian Railways, raising funds from domestic and international Capital Markets. Recognized as a Mini Ratna I and Schedule A Public Sector Enterprise, it operates under the Ministry of Railways, Government of India, and holds the status of a Systemically Important Non–Deposit taking NBFC and Infrastructure Finance Company.
IRFC’s core services include financing the acquisition of rolling stock assets, leasing railway infrastructure assets, and lending to entities under the Ministry of Railways. The company follows a leasing model, providing funds for rolling stock and project assets with a typical lease period of 30 years. This comprises a primary component of 15 years, during which principal and interest recovery occurs, followed by a secondary period of 15 years. Post-lease, assets are usually sold to the Ministry of Railways at a nominal price.
In addition to leasing operations, IRFC engages in lending activities, providing funds to various companies in the railway sector. The company raises funds through diverse channels such as bond issuances, term loans, commercial papers, and external commercial borrowings, focusing on minimizing borrowing costs.
IRFC’s clientele extends to entities under the Ministry of Railways, including Rail Vikas Nigam Ltd and IRCON International Limited. Overall, IRFC plays a pivotal role in financing and supporting the growth and development of the Indian Railways infrastructure.
8)NCC
Established in 1978, NCC Limited is a dynamic company involved in turnkey EPC contracts and BOT projects under Public-Private Partnerships. Engaging in diverse sectors, NCC excels in the construction of roads, buildings, irrigation, water and environment projects, electrical works, metals, mining, and railways. It extends its influence in real estate and energy projects through subsidiaries like NCC Urban Infrastructure and NCC Infrastructure Holdings Limited. With a significant presence in the Middle East through subsidiaries in Muscat and Dubai, NCC is a versatile player in the infrastructure sector.
NCC operates across various verticals, including Building & Housing, Roads, Water & Environment, Electrical, Irrigation, International projects, Mining, Railways, and others like Power, Oil & Gas, and Metals. Their projects span a wide range, from industrial and commercial buildings, IT parks, and shopping malls to highways, water supply systems, electrical transmission, dams, and railways.
The company has a robust pan-India presence with offices in 13 key cities across states such as Maharashtra, Andhra Pradesh, Telangana, Karnataka, Gujarat, Uttar Pradesh, West Bengal, and Tamil Nadu. Some notable projects executed by NCC include the Agra Lucknow Expressways in Uttar Pradesh, ESI Hospital and Medical College in Gulbarga, Karnataka, Outer Ring Road in Hyderabad, and Water Supply Project in Rajkot, Gujarat. NCC Limited continues to make significant contributions to the infrastructure development landscape in India and beyond.
9) IRB Infrastructure Developers
IRB Infrastructure Developers Ltd is a prominent infrastructure development and construction company in India, specializing in the roads and highways sector. With extensive experience, the company has diversified into various segments within the infrastructure sector, including road maintenance, construction, airport development, and real estate.
In its project portfolio, IRB operates under different models such as TOT (Toll-operate-transfer), BOT (Build-operate-transfer), and HAM (Hybrid-annuity-model), covering various concession periods. Notably, it manages the largest TOT project, the Mumbai-Pune expressway, and holds approximately 20% share in the Golden Quadrilateral highway network at different stages of development.
Geographically, IRB has a well-distributed presence with 25% of its lane kms in Maharashtra, 20% in Rajasthan, 11% in Uttar Pradesh, 19% in Gujarat, 11% in Karnataka, 5% in Haryana, and 9% in other states.
The company has developed robust in-house capabilities for project execution in both its EPC verticals. It primarily undertakes road construction projects for government agencies such as MoRTH (Ministry of Road Transport and Highways) and NHAI (National Highway Authority of India).
As of September 2021, IRB Infrastructure Developers has an impressive order book of around 13,000 crores, comprising various EPC and O&M projects. The company continues to win projects, adding to its strength and contributing significantly to the infrastructure development landscape in India.
10) Waa Solar
Established in 2009, Waa Solar Ltd (WSL) is actively involved in the solar power generation and transmission business. Operating as a subsidiary of Madhav Power Pvt. Ltd, which has interests in Renewable Energy, Infrastructure, and real estate, WSL focuses on renewable energy initiatives. The company engages in solar power generation by establishing Solar Power Projects and investing in Special Purpose Vehicle companies dedicated to solar power activities. In addition, WSL is gearing up to commence Engineering, Procurement, and Construction in solar projects, expanding its role in the sector.
Among its notable projects, Waa Solar Ltd has undertaken a ground-mounted Solar PV Power Project with a capacity of 10.25 MW (DC) in Surendranagar, Gujarat. Additionally, the company has initiated a 100 KWP project at Raja Bhoj Airport in Bhopal on a Built, Own, and Operate basis. Another significant project is the 10.25 MW (DC) ground-mounted Solar Photovoltaic power project covering 59.80 acres in Surendranagar, Gujarat. Through these ventures, Waa Solar Ltd contributes to the growing landscape of solar power generation in India.