Page 3 - Titagarh Wagons

Stocks to Watch: Reliance, ONGC, Tata Steel, Oil India, Anupam Rasayan

ONGC has signed 6 contracts for Discovered Small Fields (DSFs) under the DSF-III bid round. Contracts were signed for 3 offshore fields each in the Arabian Sea, Bay of Bengal

Italian govt, UAE-based PE firm pick up 44% stake in Titagarh Wagons arm

The Italian government and a UAE-based private equity firm have together picked up almost 44 per cent stake in Titagarh Wagons' fully-owned subsidiary Firema SpA, a top company official said on Sunday. The company saw a "recapitalisation of Euro 20 million through fresh equity infusion", raising the total capital to Euro 33 million, he said. Invitalia, the Italian government's investment promotion agency, pumped in Euro 10 million for a 30.30 per cent stake, and the UAE-based PE firm - Hawk Eye DMCC - picked up a 13.64 per cent shareholding for Euro 4.5 million, the company official said. The rest Euro 5.5 million has been infused by a Titagarh Group company. The recapitalisation of Euro 20 million provides a fresh lease of life for the Italian company which will now be able to turn around and tap huge railway opportunities with branding and strategic value addition by Invitalia, Titagarh Wagons Vice Chairman and Managing Director Umesh Chowdhary told PTI. Italian firm Firema, whi

Titagarh Wagons to invest Rs 1,000 cr in 3-5 yrs for capacity building

Titagarh Wagons is looking to invest close to Rs 1,000 crore over the next three to five years for capacity building in the manufacturing of wagons, coaches and foundry

Titagarh Wagons hits 4-year high; gains 26% in 2 weeks on strong order book

As on March 2002, TWL had a strong diversified order book position of Rs 15,123 crore across Indian (Rs 10,675 crore) and Italian business (Rs 4,448 crore) operations.

A power crisis on an old track and a plan that was never implemented

The Railways' decision to stick with steel wagons may have contributed to the shortage of rakes to haul coal to generating plants

Titagarh Wagons rallies 24% in three days on Rs 15.6 billion order win

The stock moved higher by 11% to Rs 82.45, surging 24% in past three trading sessions after the company bagged Rs 15.61 billion order from the railway ministry for supply of wagons.

Titagarh Wagons starts building two vessels each for Indian Navy, NIOT

Titagarh Wagons Limited, a flagship company of the Titagarh group, which has morphed itself from a wagon manufacturer for Indian Railways to a multinational engineering and fabrication group, gave a major boost to the Union Government's Make In India campaign today.The company has successfully started the construction of two 1000T Fuel Barges for Indian Navy and two coastal Research Vessels which would support the INS Vikramaditya, for National Institute of Ocean Technology(NIOT). In February, the company reported at BSE and NSE that it has signed the contract from NIOT under the Ministry of Earth Sciences, Government of India for design, construction and delivery of two high end coastal research vessels valued at Rs. 100 Crore. In March, the company reported that it has signed the contract with Ministry of Defence (Navy), Directorate of Ship Production for undertaking design, construction and delivery of two fuel barges for the Indian Navy worth Rs. 75 Crore.The ceremonial event was .

Rail-related shares in focus; Titagarh Wagons up over 5%

Titagarh Wagons rallied 9% to Rs 131 in intra-day on Friday, extending its Thursday's 5% gain on the BSE

Titagarh Wagons gains on order win from Indian Navy

The stock up 4% at Rs 119 after the company has received an order for construction of two fuel barges for the Indian Navy in its recently added "Shipbuilding" vertical.

Titagarh Wagons, Kalindee Rail, Texmaco Rail extends fall; tank over 10%

Titagarh Wagons plunged 14% to Rs 96, Texmaco Rail down 12% to Rs 106 and Kalindee Rail by 11% at Rs 110 on the BSE.