Titagarh Wagons zooms on signing Power Purchase agreement with Fourth Partner Energy

10 Sep 2020 Evaluate

Titagarh Wagons is currently trading at Rs. 44.70, up by 2.55 points or 6.05% from its previous closing of Rs. 42.15 on the BSE.

The scrip opened at Rs. 43.00 and has touched a high and low of Rs. 46.00 and Rs. 43.00 respectively. So far 23503 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 61.45 on 15-Jan-2020 and a 52 week low of Rs. 20.50 on 20-Mar-2020.

Last one week high and low of the scrip stood at Rs. 46.00 and Rs. 41.80 respectively. The current market cap of the company is Rs. 516.76 crore.

The promoters holding in the company stood at 45.70%, while Institutions and Non-Institutions held 13.31% and 40.98% respectively.

Titagarh Wagons (TWL) has signed Power Purchase agreement with Fourth Partner Energy to procure 4.8 MW of solar power for its wagon and steel foundries at Titagarh and its state of the art passenger coach and propulsion unit at Uttarpara, to effectively replace approximately 25% of its current annual electricity demand with clean energy. All three power plants are expected to be commissioned by January 2021.

TWL is the largest private sector manufacturer of railway coaches (EMUs, MEMUs) and the largest wagon maker (other than Railways).

Titagarh Railsystems Share Price

918.10 -10.45 (-1.13%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Titagarh Railsystems 918.10
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