Titagarh Wagons wins Rs 78.3bn order from Indian Railways

Titagarh Wagons said that it has been issued the letter of acceptance for an order worth INR 7,838 crores for the manufacture and supply of 24,177 wagons to the Indian Railways.

As per the contract, Titagarh Wagons will be responsible for supplying 19,854 BCNA wagons and 4,323 BOXNHL wagons.

The contract has to be executed over a period of 39 months, said Titagarh Wagons.

With the winning of the contract, the total order book of the Indian railway wagon manufacturer stands at INR 10,645 crores.

Titagarh Wagons wins Rs 78.3bn manufacture and supply order for 24,177 wagons from Indian Railways. Photo courtesy of KARTICK DUTTA from Pixabay.

Umesh Chowdhary — Titagarh Wagons Vice Chairman and Managing Director said: “The Government had earlier announced that they would be looking at doubling their freight loading in the next few years, which was expected to lead to procurement of much larger number of wagons.

“In line with our past market share, we were expecting to receive order for a large quantity and this order for 24,177 Wagons reaffirms the leadership position of Titagarh in this business segment and would not only increase the Company’s topline and boost its financial performance but also enable the Group on its path to becoming the most dependable manufacturer of rolling stock products.”