Infra stock rise, FM declared 25000 km expansion in national highway network for FY 2023: PM Gati Shakti plan

FM declared 25000 km expansion in national highway network for FY 2023: PM Gati Shakti plan
FM declared 25000 km expansion in national highway network, PM Gati Shakti plan (Image: Canva)

In Union Budget 2022 under PM Gati Shakti plan, Finance Minister has identified 7 engines for multi-model connectivity which will facilitate a faster moment of people and goods.

A plan for expansion of the Expressway network in India under the Gati Shakti plan will be formulated in 2022.

The Finance Minister has also declared a 25000 km expansion in the national highway network for the financial year 2023.

After this, there has been a good rise in the stock of the infra and construction sector, in which the share price of PNC Infratech has seen a growth of 4.95%, and KNR Construction, IRB Infrastructure, and NCC Ltd. have increased by more than 3.5%.

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PM Gati Shakti plan: FAQ

What is the purpose of PM Gati Shakti plan?

In Union Budget 2022 under PM Gati Shakti plan, Finance Minister has identified 7 engines for multi-model connectivity which will facilitate a faster moment of people and goods.

In which budget, PM Gati Shakti Plan was introduced?

PM Gati Shakti Plan was introduced in the 2022-23 budget.