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Earlier in June, the firm also bagged Rs 857 crore worth of orders from Gujarat Metro Rail Corporation for designing, manufacturing, supplying, testing, commissioning and training of 72 Standard Gauge Cars for Surat Metro Rail Phase-I Project I. ....
Titagarh Rail Systems shares rose 5% after the company secured orders worth Rs 857 crore from Gujarat Metro Rail Corporation. The orders are for designing, manufacturing, supplying, and testing 72 Standard Gauge Cars for the Surat Metro Rail Phase-I Project. The stock has delivered substantial returns, surging 125% year-to-date and 403% in the last year. Brokerage firm Antique Stock Broking initiated coverage on the stock with a "buy" rating and a target price of Rs 694, citing attractive risk-reward factors and long-term growth potential. The company plans to increase its wagon manufacturing capacity to 12,000 wagons per year by FY24. ....
Titagarh Rail Systems: The order for Surat metro coaches would start 76 weeks after signing the contract and is scheduled to be completed in 132 weeks thereafter, Titagarh Rail Systems old stock exchanges.