The shares of this small cap inventory concerned within the manufacture and distribution of railway associated gear got here into focus after bagging an order value Rs 537.11 crores from Ambuja Cements Restricted and ACC Restricted.
Value Motion
With a market capitalization of Rs 11,256.03 crore, Titagarh Rail Programs Ltd fell 5.6 % on Wednesday’s buying and selling session and made an intraday low of Rs 791 per share in comparison with its earlier closing value of Rs 838.40 per share.
The inventory retraced from its day’s low and was buying and selling at Rs 835.80 which is 0.3 % decrease than the earlier closing value.
What Occurred
Titagarh Rail Programs Ltd was awarded a home order from Ambuja Cements Restricted and ACC Restricted, that are group firms of Adani Cements. This contract includes the manufacture and provide of 16 BCFCM Rakes Wagons with BVCM Wagons, for a consideration of ~Rs 537.11 crore, and is scheduled for execution between January 2026 and March 2027.
In regards to the Firm
Titagarh Rail Programs Ltd is concerned within the manufacturing and sale of metro trains, freight wagons, prepare electrical methods, passenger coaches, metal castings, specialised gear, bridges, and ships. The corporate has 4 manufacturing services with a capability of 12,000 wagons and 300 coaches per yr.
With round 30 % market share in wagon manufacturing, Titagarh Rail Programs is the one Indian firm producing each wagons and coaches. The corporate has secured orders value Rs 12,207 crore by itself and an extra Rs 13,326 crore as its share from joint ventures (JVs).
Written by Shwetha Sairam
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