Ramkrishna Forgings Ltd and Titagarh Wagons Ltd consortium receives LOA for supply of Forged Wheels

The consortium of Ramkrishna Forgings Limited and Titagarh Wagons Limited (RKFL-TWL Consortium) has received the Letter of Award (LOA) dated 5 April, 2023 from the Ministry of Railways, Government of India w.r.t "Manufacturing and Supply of Forged Wheels under long term agreement under Aatma Nirbhar Bharat".

The order size of Rs. 12,226.50 Crores will be executed over a period of 20 (twenty) years as per the terms and conditions of the Bid Document.

Shares of Titagarh Wagons Limited was last trading in BSE at Rs. 273.55 as compared to the previous close of Rs. 276.70. The total number of shares traded during the day was 53549 in over 2351 trades.

The stock hit an intraday high of Rs. 280.15 and intraday low of 270.65. The net turnover during the day was Rs. 14692458.00.

Source : Equity Bulls

Keywords

TitagarhWagons INE615H01020 RamkrishnaForgings Consortium OrderWin LOA ForgedWheelsSupply AatmaNirbharBharat