Bengaluru, May 24 -- India's railway industry continues to be an investor focus, with a number of listed players reporting good financials and operational efficiency. High returns on equity and stable profitability reflect strong fundamentals despite some revenue falls in the short term. Valuations are a mixed bag, but the potential in infrastructure and logistics is still promising. These players are among the major gainers of India's growing rail network.

1. Indian Railway Finance Corporation Indian Railway Finance Corporation Limited (IRFC), founded in New Delhi in 1986, is a non-banking finance and infrastructure finance firm. IRFC mainly leases Indian Railways' railway infrastructure and rolling stock assets. IRFC mobilizes funds in...