Titagarh Rail Systems shines on bagging LOA worth Rs 2481 crore
The company has secured the LOA from Mumbai Metropolitan Region Development Authority
Titagarh Rail Systems is currently trading at Rs. 911.75, up by 27.20 points or 3.08% from its previous closing of Rs. 884.55 on the BSE.
The scrip opened at Rs. 895.65 and has touched a high and low of Rs. 913.00 and Rs. 894.75 respectively. So far 55499 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1368.90 on 16-Dec-2024 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. 913.65 and Rs. 872.00 respectively. The current market cap of the company is Rs. 12173.84 crore.
The promoters holding in the company stood at 40.46%, while Institutions and Non-Institutions held 22.36% and 37.19% respectively.
Titagarh Rail Systems has secured a Letter of Acceptance (LOA) worth Rs 2481 crore from Mumbai Metropolitan Region Development Authority (MMRDA). The order is for design, manufacture, supply, installation, integration, testing and commissioning of rolling stock, communication-based signalling & train control, telecommunication, platform screen doors systems and depot machinery & plant including 5 years of Comprehensive Maintenance after 2 years of Defect Liability Maintenance Period for Mumbai Metro Line 5 (Phase 1- Kapurbawadi - Kasheli Dhamankar Naka & Phase 2-Dhamankar Naka Bhiwandi- Kalyan APMC) Mumbai Metro Rail Project of MMRDA.
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.

