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Railway stocks surged after the Indian Railways implemented a revised passenger fare structure which marks the second fare hike in the 2025-26 financial year
Jupiter Wagons (JWL) surged 9% to ₹337.70 on the back of over four-fold jump in the average trading volumes; the stock has zoomed 30% in two days.
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Titagarh Rail posted a decline in revenue and profit for FY26, as wheelset availability constraints weighed on wagon production, analysts at Nuvama said
Titagarh Rail bagged a ₹2,481-crore order from the Mumbai Metropolitan Region Development Authority (MMRDA) for Mumbai Metro Line 5
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Titagarh Rail Systems Ltd (TRSL) on Friday said it has secured a Rs 2,481-crore contract from the Mumbai Metropolitan Region Development Authority (MMRDA) for the design, manufacture, supply and commissioning of 132 metro coaches and associated systems for Mumbai Metro Line 5. The contract also includes signalling for 24.9-km of track, telecommunication systems across 16 stations, platform screen doors, depot machinery and five years of comprehensive maintenance, a statement said. The project covers both Phase 1 (Kapur Bawdi-Kasheli-Dhamankar Naka) and Phase 2 (Dhamankar Naka-Bhiwandi-Kalyan APMC) of the Line 5 corridor. This is Titagarh Rail Systems' second major order for Mumbai Metro, following its earlier mandate for Line 6, it said. This milestone demonstrates Titagarh's growing expertise in delivering end-to-end metro solutions, said Vice Chairman and MD Umesh Chowdhary. Manufacturing will take place at TRSL's advanced Passenger Rail Systems facility in Uttarpara near Kolkat
The implementation of Government's plans to radically improve the railway infrastructure is expected to keep the demand for railway products strong in future
The Mumbai Railway Vikas Corporation (MRVC) has invited bids for 2,856 air-conditioned coaches for the suburban rail network under the 'Vande Metro' initiative, a contract valued at nearly ₹21,000 cr.