Titagarh Rail Systems Ltd receives LOA from GMRC

Titagarh Rail Systems Limited (formerly Titagarh Wagons Limited) has received Letter of Acceptance (LOA) dated 27th June, 2023 from the Gujarat Metro Rail Corporation (GMRC) Limited w.r.t. "Design, Manufacture, Supply, Testing, Commissioning and Training of 72 nos. of Standard Gauge Cars for Surat Metro Rail Phase-I Project I". The order value is about INR 857 crore and execution would start 76 weeks after signing the contract and is scheduled to be completed in 132 weeks thereafter.

Shares of Titagarh Rail Systems Limited was last trading in BSE at Rs. 505.55 as compared to the previous close of Rs. 487.25. The total number of shares traded during the day was 84779 in over 2604 trades.

The stock hit an intraday high of Rs. 512.45 and intraday low of 487.55. The net turnover during the day was Rs. 42725106.00.

Source : Equity Bulls

Keywords

TitagarhRailSystems INE615H01020 LOA GMRC SuratMetroRail Phase1