Titagarh Rail Systems Secures ₹312.69 Crore Order for 780 BVCM-C Wagons
Titagarh Rail Systems Limited (formerly Titagarh Wagons Limited) has received a Letter of Advance Acceptance (LOA) from the Ministry of Railways for the manufacture and supply of 780 BVCM-C wagons, valued at approximately ₹312.69 crore. The execution of the order is scheduled to be completed within nine months from the date of the contract.
Order DetailsParticulars
Details
Name of the entity awarding the Order/Contract
Ministry of RailwaysNature of Order/Contract
Manufacture and Supply of 780 BVCM-C WagonsWhether domestic or international
DomesticBroad commercial consideration or size of the Order/Contract
Order value is about INR 312.69 CroresTime period by which the Order/Contract is to be executed
Nine months from the date of placement of contractWhether the Promoter/Promoter Group/Group Companies have any interest in the entity that awarded the Order/Contract?
NoWhether the Order/Contract would fall within related party transactions?
No
Order DetailsThe order encompasses the manufacture and supply of 780 BVCM-C wagons, catering to the specific requirements of the Ministry of Railways. This contract is purely domestic, indicating that the manufacturing and supply will occur within India.Project TimelineThe project is slated for completion within nine months from the contract's commencement date. This rapid turnaround underscores Titagarh Rail Systems' commitment to efficient project execution and timely delivery.Strategic SignificanceThis order strengthens Titagarh Rail Systems' position as a key player in the railway infrastructure and wagon manufacturing sector. The company's ability to secure and execute such large-scale orders reflects its robust manufacturing capabilities and strong relationships with government entities like the Ministry of Railways.Company StatementTitagarh Rail Systems Limited has confirmed that this disclosure is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The company has also made the information available on its website.