Titagarh Rail Systems is currently trading at Rs. 792.60, up by 11.75 points or 1.50% from its previous closing of Rs. 780.85 on the BSE.
The scrip opened at Rs. 790.00 and has touched a high and low of Rs. 801.60 and Rs. 788.80 respectively. So far 22279 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1100.00 on 01-Feb-2025 and a 52 week low of Rs. 655.30 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 801.60 and Rs. 766.50 respectively. The current market cap of the company is Rs. 10698.48 crore.
The promoters holding in the company stood at 40.46%, while Institutions and Non-Institutions held 23.26% and 36.28% respectively.
Titagarh Rail Systems has signed agreement with ABB India to develop propulsion systems and technology transfer for 25kV driverless metro projects in India. Under the agreement, ABB India will support the design, manufacture, supply, testing, installation supervision and commissioning of propulsion systems, along with the transfer of technology of the Train Control and Monitoring System (TCMS) for 25 kV AC metro applications (GoA2, upgradable to GoA4) and a gradual transfer of manufacturing and co-production of Converters and Traction Motors for the Mumbai Metropolitan Region Development Authority (MMRDA).
Titagarh had been awarded a contract to deliver 240 metro coaches (132 cars for Line 5 and 108 cars for Line 6). The scope covers Line 5 (Kapurbawadi-Kalyan APMC, 24.52 km, 17 stations) and Line 6 (Swami Samarth Nagar–Vikhroli (EEH), 15.60 km, 13 stations), along with 5 years of maintenance following a 2-year Defect Liability Period (DLP). The Agreement also envisages a gradual transfer of manufacturing and co-production traction motors, traction converters and auxiliary converters.
Further, the company is already producing traction motors for locomotives and EMUs and under this agreement with ABB, it will progressively co-produce propulsion systems for metro applications, which are considered to be of high precision and technology. Titagarh, which has also recently developed the traction converter for EMUs, under an earlier transfer of manufacturing agreement with ABB.
Titagarh Rail Systems is formerly known as Titagarh Wagons. The company is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Steel Castings, Specialised Equipments & Bridges, Ships, Heavy Earthmoving and Mining Equipments, etc.
| Company Name | CMP |
|---|---|
| Texmaco Rail & Eng. | 97.34 |
| Jupiter Wagons | 261.25 |
| Titagarh Railsystems | 699.25 |
| Jessop & Co | |
| View more.. | |
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