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Shares of Ramkrishna Forgings jumped 3.42% to Rs 292.05 and shares of Titagarh Wagons advanced 1.35% to Rs 277.25 on the BSE.
The consortium has to manufacture and supply around 15,40,000 forged wheels of different rolling stocks to the Railways over a period of 20 years in accordance with the terms and conditions of agreement.
Ramkrishna Forgings (RK Forge) manufactures forged products. The company is suppliers to various sectors like automotive, railways, farm equipment, bearings, oil & gas, power and construction, earth moving & mining, both in India & overseas markets.
Titagarh Wagons is the largest private sector manufacturer of railway coaches (EMUs, MEMUs) and the largest wagon maker (other than railways).
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