Titagarh Wagons shines on bagging order worth over Rs 7,800 crore

Titagarh Wagons is currently trading at Rs. 106.75, up by 4.35 points or 4.25% from its previous closing of Rs. 102.40 on the BSE.

Titagarh Wagons
Titagarh Wagons

The scrip opened at Rs. 109.50 and has touched a high and low of Rs. 115.05 and Rs. 106.55 respectively. So far 106444 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 123.85 on 21-Jan-2022 and a 52 week low of Rs. 51.55 on 26-May-2021.

Last one week high and low of the scrip stood at Rs. 115.05 and Rs. 99.00 respectively. The current market cap of the company is Rs. 1289.57 crore.

The promoters holding in the company stood at 47.05%, while Institutions and Non-Institutions held 12.59% and 40.36% respectively.

Titagarh Wagons has received the letter of acceptance for an order for manufacture and supply of 24,177 Wagons from Indian Railways consisting of 19,854 BCNA Wagons and 4,323 BOXNHL Wagons. The total value of the contract is Rs 7,838 crore plus taxes. The order is required to be executed over a period of thirty-nine months.

This is the single largest Order the Company has secured since its incorporation in July, 1997 and it further consolidates the Group’s position as the leader in Wagon manufacturing in India. The order received by the Company is about 32% of the total order finalised by the Indian Railways thereby reaffirming the leadership position of the Company in Wagon manufacturing in the Country.

While the Company possesses the necessary infrastructure and capacity to supply the Wagons against this order, and is further augmenting its facilities to oplimise production costs and efficiencies. With the bagging of this contract, the Company’s total order book stands at Rs.10,645 crore with this order and is the highest ever order book value on stand-alone basis in the history of the Company.

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

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