Shares of Titagarh Rail Programs Ltd soared 2% on 30 June after the corporate introduced securing an order from the Pune Metro Rail Mission.
In a regulatory submitting, the corporate said that Titagarh Rail Programs Ltd and its affiliate agency, Titagarh Firema S.p.A., have acquired a Letter of Approval from Maharashtra Metro Rail Company Ltd.
The order, valued at Rs 430.53 crore, is for the provision of 12 extra practice units as a amount variation beneath clause A.6 of Contract No: P1/RS-01/2018, which incorporates the design, manufacture, provide, testing, and commissioning of passenger rolling inventory (electrical a number of models) in addition to personnel coaching for the Pune Metro Rail Mission.
The contract is anticipated to be completed inside two and a half years.
Titagarh Rail Programs manufactures and sells freight wagons, passenger coaches, metro trains, practice electricals, metal castings, specialised tools, bridges, and ships. The corporate operates by three enterprise segments: freight rolling inventory, passenger rolling inventory, and shipbuilding, bridges & defence.
At 2:40 pm, the shares of Titagarh Rail had been buying and selling 0.44% increased at Rs 940.50 on NSE.
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