Titagarh Rail Systems Share Price Gains After Securing ₹430 Crore Pune Metro Order

Market Performance

• Titagarh Rail Systems' share price witnessed a notable surge during early trading on Monday.
• The stock touched an intraday high of ₹961.80, marking a 2.72% gain on the NSE.
• As of 10:30 a.m., shares were trading at ₹949.20, up 1.37% from the previous session.

Main News: Pune Metro Order Boosts Sentiment

• The company informed exchanges about a new order win linked to the Pune Metro Rail Project.
• A Letter of Approval has been issued to a consortium comprising Titagarh Rail Systems Ltd and its associate firm Titagarh Firema S.p.A.
• Maharashtra Metro Rail Corporation Ltd has awarded the project.

Company Details: Order Value and Scope

• The total contract value stands at ₹430.53 Crore.
• The order includes the supply of 12 additional trainsets under the quantity variation clause A.6 of Contract No: P1/RS-01/2018.
• Scope of work covers:
  • Design
  • Manufacturing
  • Supply
  • Testing
  • Commissioning of electrical multiple units (EMUs)
  • Training of personnel involved in the Pune Metro Rail Project
• This contract aligns with Titagarh's ongoing focus on expanding its metro rail infrastructure capabilities.

Execution Timeline

• The estimated execution period for the Pune Metro contract is two and a half years.
• The project will be implemented jointly by Titagarh Rail Systems and Titagarh Firema S.p.A., enhancing the company's position in the urban transport segment.

Summary of the Article

• Titagarh Rail Systems' share price rose after the company announced a ₹430.53 Crore order win.
• The contract involves 12 additional trainsets for the Pune Metro Rail Project.
• The consortium partner is Titagarh Firema S.p.A.
• The stock reached a high of ₹961.80 before settling at ₹949.20, indicating strong market confidence.
• The contract reinforces Titagarh's role in India's growing urban metro infrastructure.