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Titagarh Wagons receives Letter of Acceptance for order worth $9 million

14 Oct 2017 Evaluate

Titagarh Wagons has received Letter of Acceptance for its bid for supply of Modular Bridges to Nepal, the order value to be around $9 million only. The contract from Ministry of Physical Infrastructure and Transport, Nepal shall cover supply of a total of 30 Modular Bridges with 15 Launching Kits and 20 containers.

The Modular Panel Truss Bridges are an upgraded type of bridges and will be manufactured with the technology of Matiere SAS, France (Matiere), one of the global leaders in this field. Titagarh has access to the technology pursuant to an agreement with Matiere.

The order being under the Road Development Project of Nepal funded by the World Bank is not only the company’s first large export order for supply of modular panel truss Bridges but also very important as it marks achievement of another core competency diversification effort by the company.

Titagarh Wagons is engaged in the business of manufacturing Railway Wagons, EMU (Rail Coaches), Bailey Bridges, Heavy Earth, Moving and Mining Equipment, Steel and SG iron castings of moderate to complex configuration etc.


Titagarh Railsystems Share Price

741.05 3.85 (0.52%)
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