Titagarh Rail Systems Ltd receives LOI for order worth Rs. 44.41 crores

Titagarh Rail Systems Limited has received a Letter of Intent (LOI) dated 24th March, 2026, and also pursuant to the wagon leasing license signed by the company with the Indian Railways on 9th February, 2026, this is the first successful contract bagged by the company under Wagon Leasing Business from Balmer Lawrie & Co. Ltd. for providing 2 BFNS 22.9T rakes on operating lease basis on the Indian Railways network for a period of 10 years.

The order is valued at ₹44.41 Crores (incl. of GST).

Shares of Titagarh Rail Systems Limited was last trading in BSE at Rs. 628.60 as compared to the previous close of Rs. 615.75. The total number of shares traded during the day was 38659 in over 1011 trades.

The stock hit an intraday high of Rs. 640.00 and intraday low of 625.00. The net turnover during the day was Rs. 24525320.00.

Source : Equity Bulls

Keywords

TitagarhRailSystems INE615H01020 OrderWin