Titagarh Firema S.p.A. bags order for approx Rs. 2380 crore

Titagarh Firema S.p.A., the subsidiary of Titagarh Wagons Limited in Italy ('TFA'), has signed the framework agreement for design, manufacture, supply and ten years of maintenance of 38 trainsets of Metro for Lazio Regione, Italy. The total value of the framework agreement is Euro 282 million (Euro Two hundred and Eighty-Two million only), equivalent to INR 2380 crore approx.

The framework agreement foreseen the design of new trains for the Roma - Lido di Ostia and Roma Viterbo railway network. The Contract requires three different trainset configuration such as the 6 cars metro for the Roma Lido di Ostia line and the 4 cars either metro and commuter for the Roma Viterbo line.

The new trainset will be compliant with latest Norms for safety and they offer modern design and improved comfort to the passengers. The new trains will be easily accessible to all the passengers and includes two areas for passenger with reduced mobility (PRM) close to each driver cab.

The order book of TFA (including framework contracts) stands at approx. Euro 520 million, equivalent to INR 4420 crore approx.

Shares of Titagarh Wagons Limited was last trading in BSE at Rs. 113.15 as compared to the previous close of Rs. 111.70. The total number of shares traded during the day was 57862 in over 1353 trades.

The stock hit an intraday high of Rs. 114.50 and intraday low of 109.60. The net turnover during the day was Rs. 6542829.00.

Source : Equity Bulls

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