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Titagarh Wagons Ltd consortium bags order for Pune Metro Rail project

Posted On: 2019-08-15 15:39:06

The Consortium formed by Titagarh Wagons Limited with its wholly owned subsidiary: Titagarh Firema SpA ('TFA') has emerged as the lowest bidder in the tender issued by Maharashtra Metro Rail Corporation Limited (MAHA-METRO) for 'Design, Manufacture, Supply, Testing, Commissioning Of Passenger Rolling Stock (Electrical Multiple Units) And Training Of Personnel' for Pune Metro Rail Project.

The joint bidding by the Consortium consisting of the Company as Lead Member along with it's wholly owned subsidiary was made in the said tender for design, manufacture and supply of 102 Metro Coaches for Pune Metro Rail.

As per the tender documents first 3 Car Prototype Metro Trainset is required to be supplied in 78 weeks and the balance 33 train sets in several phases over 160 weeks.

The order valued at approximately Rs. 1125 crore is likely to be issued in the next few days and more details would be intimated by the Company upon receipt of the formal order.

Shares of TITAGARH WAGONS LTD. was last trading in BSE at Rs.41.1 as compared to the previous close of Rs. 39.9. The total number of shares traded during the day was 115998 in over 748 trades.

The stock hit an intraday high of Rs. 42.15 and intraday low of 38.5. The net turnover during the day was Rs. 4723561.


Source: Equity Bulls

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