Titagarh Rail Systems bags Rs 350-crore contract for Ahmedabad Metro project
Titagarh Ahmedabad Metro: Titagarh Rail Systems Ltd (TRL) formerly Titagarh Wagons said it has received a letter of acceptance for a Rs 350-crore contract from GMRC for the design, manufacture, supply, testing, commissioning, and training of 30 standard gauge cars.
Titagarh Ahmedabad Metro: Titagarh Rail Systems Ltd (TRL) formerly Titagarh Wagons on Wednesday said it has received a letter of acceptance for a Rs 350-crore contract from Gujarat Metro Rail Corporation (GMRC) for the design, manufacture, supply, testing, commissioning, and training of 30 standard gauge cars.
The standard gauge cars are for the Ahmedabad Metro Rail Phase-II project, an official said.
"The prototype Metro car has to be built in 70 weeks and the entire contract has to be delivered in 94 weeks. The cars will be manufactured at our Uttarpara plant in Hooghly district," Titagarh Rail Systems director (marketing & business development) Prithish Chowdhary told PTI.
It will be 10 trains of three cars each.The Ahmedabad Metro Rail Phase-II project is being implemented by GMRC at a cost of Rs 13,500 crore. The project will add 28.2 km of Metro lines to the city's existing network.
The Kolkata-based company recently received a contract to supply 24 Metro trains for Phase-I of Surat Metro at a contract value of around Rs 850 crore from Gujarat Metro Rail Corporation (GMRC), he said.
In addition, TRL is also involved in several other Metro rail projects in the country.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
04:43 PM IST