Titagarh Wagons Ltd said it had secured orders worth more than Rs 7,800 crore from Indian Railways to supply 24,177 wagons. The order needs to be executed within 39 months.
“Titagarh Wagons Ltd has received a letter of acceptance from Indian Railways for an order for the manufacture and supply of 24,177 wagons. The total contract value is Rs 7,838 crore (tax inclusive),” the company said in a BSE filing.
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Umesh Chowdhary, vice chairman and managing director of Titagarh Wagons, said the order would increase the company’s revenue and boost its financial performance and put the group on the path to becoming the most reliable manufacturer of rolling stock products.
