Titagarh Rail Systems gains on securing LoA worth Rs 91.12 crore
Titagarh Rail Systems is currently trading at Rs. 864.60, up by 6.05 points or 0.70% from its previous closing of Rs. 858.55 on the BSE.
The scrip opened at Rs. 867.00 and has touched a high and low of Rs. 868.60 and Rs. 857.20 respectively. So far 37546 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1509.00 on 27-Aug-2024 and a 52 week low of Rs. 655.30 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 884.90 and Rs. 815.00 respectively. The current market cap of the company is Rs. 11606.19 crore.
The promoters holding in the company stood at 40.46%, while Institutions and Non-Institutions held 21.18% and 38.36% respectively.
Titagarh Rail Systems has received a Letter of Acceptance (LoA) from Banaras Locomotive Works, for complete shell assembly for WAG-9HC Locomotives. The order is valued at Rs 91.12 crore (Incl. GST). The execution is scheduled to be completed by August 31, 2026.
Titagarh Rail Systems is formerly known as Titagarh Wagons. The company is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Steel Castings, Specialised Equipments & Bridges, Ships, Heavy Earthmoving and Mining Equipments, etc.
