Titagarh Rail Systems Secures ₹430.53 Crore Order for Pune Metro Project

Titagarh Rail Systems Limited (NSE: TITAGARH) has announced that its consortium, including Titagarh Firema S.p.A, has received a Letter of Approval from Maharashtra Metro Rail Corporation Limited for the supply of 12 additional trainsets for the Pune Metro Rail Project. This order, valued at approximately ₹430.53 crore, represents a quantity variation under the existing contract P1/RS-01/2018.

The contract encompasses the design, manufacture, supply, testing, and commissioning of passenger rolling stock (electrical multiple units), as well as personnel training for the Pune Metro Rail Project. The project is slated for completion within 30 months.

This announcement follows a previous communication regarding the Pune Metro rail Project dated August 15, 2019.

On the NSE, Titagarh Rail Systems closed at ₹937.4, down approximately 0.1%.

source: Corporate Announcement

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