Hot Pursuit     28-Jun-23
Titagarh Rail Systems rises on Rs 857-cr order win
Titagarh Rail Systems advanced 1.98% to Rs 515.55 after it received letter of acceptance (LoA) from the Gujarat Metro Rail Corporation (GMRC) for Surat Metro Rail Phase-I, Project I for Rs 857 crore.
The order entails design, manufacture, supply, testing, commissioning and training of 72 of standard gauge cars for Surat Metro Rail Phase-I, Project I.

The execution would start in 76 weeks after signing the contract and is scheduled to be completed in 132 weeks thereafter.

Titagarh Rail Systems (formerly known as Titagarh Wagons) is the largest private sector manufacturer of railway coaches (EMUs, MEMUs) and the largest wagon maker (other than railways).

The company reported a consolidated net profit of Rs 48.24 crore in Q4 FY23 as against a net loss of Rs 24.95 crore in Q4 FY22. Net sales more than doubled to Rs 974.22 crore in the fourth quarter from Rs 422.19 crore recorded in the same period last year.

Previous News
  Titagarh Wagons consolidated net profit rises 2114.29% in the December 2022 quarter
 ( Results - Announcements 13-Feb-23   07:38 )
  Titagarh Wagons standalone net profit rises 35.22% in the September 2021 quarter
 ( Results - Announcements 24-Dec-21   08:18 )
  Titagarh Rail Systems to declare Quarterly Result
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  Titagarh Wagons fixes record date for scheme of amalgamation
 ( Market Beat - Reports 12-Oct-20   18:25 )
  Titagarh Wagons consolidated net profit rises 21.05% in the September 2021 quarter
 ( Results - Announcements 24-Dec-21   08:18 )
  Board of Titagarh Wagons appoints director
 ( Corporate News - 17-Aug-22   11:27 )
  Titagarh Wagons offers to sell 15.43 lakh shares of Cimmco
 ( Corporate News - 27-Dec-18   10:03 )
  Titagarh Wagons consortium with subsidiary wins Pune Metro Rail Project
 ( Corporate News - 16-Aug-19   10:45 )
  Board of Titagarh Wagons recommends final dividend
 ( Corporate News - 03-Jun-19   15:44 )
  Titagarh Wagons standalone net profit rises 396.19% in the September 2018 quarter
 ( Results - Announcements 12-Nov-18   09:32 )
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