Titagarh Rail Systems soars over 7.50% after firm gets Rs 1909 cr order from Indian Railways

Titagarh Rail Share Price: Titagarh Rail Systems soared over 7.50 per cent on BSE on Monday (March 11, 2024) after the rolling stock manufacturer received a Rs 1909 crore order from Indian Railways.

The stock of the private sector company was trading up by 3.20 per cent, or Rs 28.80, at Rs 928.00 at 11:18 am on Monday.

Earlier, the stock that closed at Rs 899.20 on Thursday (since Friday was a holiday) began its journey at Rs 951.10 on Monday morning to reach the day's high of Rs 968.20, a 7.67 per cent rise from the previous close.

Titagarh Rail Systems order

Titagarh Rail Systems has received an order from Railways for the manufacture and supply of Wagons. 

Titagarh Rail Systems said in a statement on Thursday, "The Company has accepted the offer from the Railway Board for Manufacture and supply of 4,463 BOSM Wagons for a contract value of Rs. 1909,04,82,500/- (Rupees One Thousand Nine Hundred Nine Crores Four Lakhs Eighty Thousand Five Hundred only)."