Shares of Titagarh Rail Techniques Ltd surged 3% to hit a day’s excessive of Rs 919 on third November, after the corporate introduced that it had acquired a Letter of Acceptance (LoA) from the Mumbai Metropolitan Area Growth Authority (MMRDA) on thirty first October for the design, manufacture, provide, set up, and commissioning of superior metro methods for the Mumbai Metro Line 5 venture.
The Rs 2,481 crore order covers each Part 1 (Kapur Bawdi–Kasheli Dhamankar Naka) and Part 2 (Dhamankar Naka–Bhiwandi–Kalyan APMC) of Mumbai Metro Line 5.
The venture contains rolling inventory, communication-based signalling, and telecommunication. It additionally contains platform display doorways, depot equipment, and plant methods. Furthermore, it includes 5 years of upkeep after a two-year defect legal responsibility interval.
As per the schedule, Part 1 is predicted to start operations inside 108 weeks. Part 2 ought to start in 200 weeks, and GOA-4 commissioning in 217 weeks. The upkeep interval will final seven years after commissioning.
Vice Chairman and MD Umesh Chowdhary mentioned the contract highlights Titagarh’s experience in end-to-end metro options. It additionally reinforces its dedication to India’s imaginative and prescient for sustainable, world-class transport.
The driverless Make-in-India metro trains could have stainless-steel automotive our bodies for higher sturdiness, effectivity, and passenger consolation. Manufacturing will happen on the firm’s Uttarpara facility in Kolkata, which additionally manufactures trains for the Ahmedabad, Surat, and Bengaluru metro tasks. Moreover, they produce Sleeper Vande Bharat trains for Indian Railways.
At 12:26 PM, shares of Titagarh Rail Techniques have been buying and selling 2.67% increased at Rs 908.20 on NSE.
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