Shares of Titagarh Rail Programs Ltd had been buying and selling within the inexperienced and 1% larger on 25 August after the corporate introduced securing an order for Rs 91.2 crore from Banaras Locomotive Works.
In its regulatory submitting, the corporate mentioned, “Titagarh Rail Programs Ltd has obtained a letter of acceptance (LOA) from Banaras Locomotive Works, for full shell meeting for WAG-9HC locomotives. The order is valued at Rs 91.12 crore (Incl. GST).” The contract execution is ready to be accomplished by 31 August 2026.
Earlier, on 22 August, the corporate’s shipbuilding and maritime programs (SMS) division obtained its single largest order thus far, value Rs 445 crore plus Rs 22.25 crore in GST, for the development, trials, and supply of two coastal analysis vessels (CRVs) for the Geological Survey of India (GSI).
In July, the enterprise secured a Letter of Advance Acceptance (LOA) from the Ministry of Railways for the manufacturing and provide of 780 BVCM-C wagons value roughly Rs 312.69 crore.
Additionally on Monday, the West Bengal authorities authorised the allotment of 40 acres of land to Titagarh Rail Programs Restricted (TRSL) for the event of its present facility on a 99-year lease for Rs 126 crore.
The corporate’s consolidated internet revenue for the June quarter was greater than halved yr on yr to Rs 31 crore, whereas income decreased over 25% to Rs 679 crore YoY.
At 12:14 pm, the shares of Titagarh Rail had been buying and selling 1.25% larger at Rs 869.60 on NSE.
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