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Titagarh Wagons gains on receiving Letter of Acceptance for order worth $9 million

16 Oct 2017 Evaluate

Titagarh Wagons is currently trading at Rs. 126.15, up by 0.40 points or 0.32% from its previous closing of Rs. 125.75 on the BSE.

The scrip opened at Rs. 127.10 and has touched a high and low of Rs. 129.50 and Rs. 126.15 respectively. So far 61,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 135.75 on 20-Dec-2016 and a 52 week low of Rs. 94.50 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 129.50 and Rs. 122.35 respectively. The current market cap of the company is Rs. 1,456.42 crore.

The promoters holding in the company stood at 45.77%, while Institutions and Non-Institutions held 17.71% and 36.52% respectively.

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%)
17-Apr-2026 16:59 View Price Chart
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