Page 2 - Titagarh Wagons

Rail stocks in demand: Titagarh, IRCON, RailTel, RVNL rally up to 19%

The Indian Rail Freight Industry is experiencing significant growth and improvements, with ambitious plans and increased investment aimed at enhancing capacity, efficiency, and sustainability

Stock of this railway wagon company has zoomed over 800% in 20 months

The stock of railway wagons maker had hit a record high of Rs 867 on Thursday, October 19. In the past year, the market price of TRSL has zoomed 438 per cent

TRSL signs contract for 72 standard gauge cars for the Surat Metro

The total order value of the project is estimated to be around Rs 857 crore

Titagarh Rail Systems bags Rs 350 cr contract for Ahmedabad Metro project

The Ahmedabad Metro Rail Phase-II project is being implemented by Gujarat Metro Rail Corporation (GMRC) at a cost of Rs 13,500 crore

Titagarh Rail Systems logs Rs 61.77 cr net profit driven by higher income

Titagarh Rail Systems Ltd on Saturday reported a net profit of Rs 61.77 crore for the April-June quarter of 2023-24 driven by higher income. The company posted a consolidated net loss of Rs 6.46 lakh in the first quarter of the previous fiscal, the company said in a filing to BSE. The consolidated total income in the April-June period more than doubled to Rs 914.64 crore, over Rs 440.78 crore in the year-ago period, it said. Headquartered in Kolkata, the Titagarh group is a leading manufacturer of freight and passenger rolling stock. In March, Titagarh Rail Systems Ltd in consortium with Ramkrishna Forgings emerged as the lowest bidder for the supply of 15.40 lakh forged wheels to Indian Railways. The JV namely Ramkrishna Titagarh Wheels Ltd (RTWL) will be engaged in manufacturing and supply of forged wheels under the Atma Nirbhar Bharat initiative, the filing said.

Titagarh Rail gets LoA for Rs 857-crore order from GMRC; stock rallies 5%

TRSL recently received the largest-ever order for Wagons from Indian Railways

Titagarh Rail hits new high on positive outlook; stock up 379% in a year

While TRSL is India's undisputed leader in the wagon manufacturing space, now it is also among India's very few integrated manufacturers of passenger rail systems.

Ramkrishna Forgings-Titagarh Rail consortium bags Rs 12,227 cr order

A consortium of Ramkrishna Forgings Ltd and Titagarh Rail Systems Ltd has bagged an order worth about Rs 12,227 crore from the railways ministry to supply 15.40 lakh forged wheels under the government's Atmanirbhar Bharat initiative. The contract spans over 20 years, with the delivery of 40,000 forged wheels in the first year, 60,000 in the second year, and 80,000 wheels annually thereafter, Ramkrishna Forgings said in a statement on Friday. "Ramkrishna Forgings Limited (RKFL) and Titagarh Rail Systems Limited (TRSL) consortium has won a contract to supply 15,40,000 forged wheels under the Atmanirbhar Bharat initiative by Ministry of Railways," it said. The wheels will be used for LHB coaches, WAG9 locomotives, Vande Bharat Express trains, and other platforms and the total contract value is Rs 12,226.5 crore, the company said. The consortium will be establishing a facility to manufacture these forged wheels, with a total annual production target of 2,00,000 wheels when fully ...

RK Forgings, Titagarh Rail hit record highs; stocks zoom up to 93% in CY23

Their consortium has won contract to supply 1.54 million forged wheels under Atmanirbhar Bharat Initiative by Ministry of Railways

Titagarh to raise Rs 288 cr via share allotment to Smallcap World Fund

Titagarh Rail Systems Ltd, formerly known as Titagarh Wagons, said that its board has approved a proposal to raise Rs 288.80 crore through preferential allotment of shares to Smallcap World Fund Inc. Following the completion of the share allotment, the investor will hold roughly 5.98 per cent stake of the wagon maker. In a regulatory filing, the company said the board, at its meeting held on Saturday, considered and approved the raising of funds through the issuance of up to 76 lakh equity shares of the face value of Rs 2 each to Smallcap World Fund Inc, a part of Capital Group and one of the largest financial investors, on a preferential basis. The shares will be issued at a rate of Rs 380 per share, as compared to the floor price of Rs 347.68 a piece. Notably, Titagarh Rail Systems, in partnership with Ramkrishna Forgings, is in the process of setting up a train wheel manufacturing plant. The company has also secured an order for 80 train sets from Indian Railways, in collaborat

Titagarh Wagons rallies 8%; board to meet Saturday to consider fund raising

A meeting of the board of directors of the company is scheduled on Saturday, June 10, 2023 to consider a proposal to raise funds

Stocks to Watch today, June 8: Banks, Auto, Lemon Tree, Adani Ent, Titagarh

Stocks to Watch on June 8, 2023: Shares of banks, automobile, and real estate companies could see considerable action in Thursday's session as the Reserve Bank of India (RBI) is slated to announce its

This railway stock soared 14% today, hitting new high on heavy volumes

In the past two months, the stock of Titagarh Wagon has zoomed 58% after the company reported healthy YoY revenue growth of 71% and healthy operating margin of ~10% in the first nine months of FY23

Stock of this railway wagons maker has zoomed 1,412% from March 2020 lows

Titagarh Wagons hit a new high of Rs 310, surging 8% today, after its consortium with BHEL bagged an order worth Rs 9,600 crore to supply 80 sleeper class Vande Bharat trains

Titagarh Wagons-Bhel consortium to build 80 sleeper Vande Bharat trains

The listed PSU informed exchanges that it is the lead partner in the joint venture (JV) and will be supplying the trains over a period of six years

Ramkrishna Forgings stock zooms 107% on BSE in less than 10 months

The stock of casting & forging company, therefore, surpassed its previous high of Rs 290.75, touched on March 15, 2023

Titagarh Wagons hits new high; zooms 65% in 6 months on healthy outlook

On March 1, the consortium of Titagarh Wagons and Bharat Electricals (TWL-BHEL Consortium) emerges as the 2nd Lowest Bidder (L2) for manufacturing cum maintenance of Vande Bharat Trainsets.

Trading strategies in IRCTC, other rail-related stocks amid stake sale buzz

IRCTC has consistently faced resistance around the Rs 800-mark; break below Rs 660 can further weaken the stock, chart indicates.

Rail stocks may chug along till budget; book profit selectively: Analysts

Railway stocks: In the upcoming budget, the railways has reportedly sought gross budgetary support (GBS) of Rs 1.5-1.8 trillion over the Rs 1.37 trillion figure earmarked during Budget 2022-23

Alstom, Medha, Siemens in race for Rs 26,000-crore Vande Bharat order

At least 4 of the five bidders have formed JVs for the Rs 26,000-crore order