Titagarh Rail Systems Ltd receives LOA from GMRC worth Rs. 350 crore

Titagarh Rail Systems Limited has received Letter of Acceptance (LOA) dated 29th August, 2023 from the Gujarat Metro Rail Corporation (GMRC) Limited w.r.t. "Design, Manufacture, Supply, Testing, Commissioning and Training of 30 nos. of Standard Gauge Cars for Ahmedabad Metro Rail Phase-II Project". The order value is approximately INR 350 Crore.

The prototype has to be delivered within 70 weeks from LOA and delivery completion is 94 weeks from LOA.

Shares of Titagarh Wagons Limited was last trading in BSE at Rs. 730.85 as compared to the previous close of Rs. 783.65. The total number of shares traded during the day was 182601 in over 8037 trades.

The stock hit an intraday high of Rs. 792.50 and intraday low of 706.55. The net turnover during the day was Rs. 134306676.00.

Source : Equity Bulls

Keywords

TitagarhRailSystems INE615H01020 OrderWin GMRC AhmedabadMetroRail Phase2