CALCULATE YOUR SIP RETURNS

Titagarh Rail Wins Major Contract from Adani Cement Companies

Written by: Team Angel OneUpdated on: Feb 13, 2025, 3:53 PM IST
For the supply of BCFCM Rakes Wagons, Titagarh Rail Systems received an order for ₹537 crore from Ambuja Cements Limited and ACC Limited.
Titagarh Rail Wins Major Contract from Adani Cement Companies
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Titagarh Rail Systems Ltd. is a distinguished leader in the production and sale of metro trains, freight wagons, train electrical systems, passenger coaches, steel castings, specialised equipment, bridges, and ships. The company boasts four state-of-the-art manufacturing facilities, with an impressive production capacity of 12,000 wagons and 300 coaches per annum.

Titagarh Rail Systems Ltd. Secured LoA From ACC Ltd.

On January 12, 2025, Titagarh Rail Systems announced that it had secured a Letter of Acceptance (LoA) from Ambuja Cements and ACC Ltd. for the manufacturing and supply of 16 BCFCM rake wagons with BVCM wagons. This prestigious order, valued at a substantial ₹537.11 crore, is slated for completion between January 2026 and March 2027.

Recently Company announced that it will embark on the Shipbuilding and Maritime Systems business, undertaking a range of marine activities, including shipbuilding, ship repair, and allied operations. This initiative is set to capitalise on the burgeoning maritime industry and enhance the company’s diversified capabilities.

It also announced that the company will enter the Signalling and Safety Systems domain, focusing on pioneering railway signalling and safety solutions. This segment will be dedicated to developing and deploying cutting-edge technologies that ensure seamless and secure train operations, reinforcing Titagarh’s commitment to innovation and excellence.

Statement From the Management 

Further bolstering its expansion strategy, the company has set an ambitious target in the freight segment, aiming for a production run rate of 1,000 wagons per month. 

Vice-Chairman and Managing Director, Umesh Chowdhary, highlighted the company’s operational efficiency, stating, “In the Q2 FY25, we achieved a run rate of approximately 900 wagons per month, translating to about 2,700 wagons per quarter. We are highly confident that from the March quarter onwards, we will stabilise at a robust production pace of 3,000 wagons per quarter.”

Share Price Performance 

At 9:20 AM on February 13, 2025, Titagarh Rail Systems Ltd. shares traded at ₹845.50 per share on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Feb 13, 2025, 3:53 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 3 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3 Cr+ happy customers