Titagarh Rail Systems Secures ₹430.53 Crore Order for Additional Pune Metro Trainsets

Titagarh Rail Systems Limited (NSE: TITAGARH) has announced that its consortium with Titagarh Firema S.p.A. has received a Letter of Approval for the supply of 12 additional trainsets for the Pune Metro Rail Project. The order, valued at approximately ₹430.53 crore, represents a quantity variation under an existing contract.

The contract, P1/RS-01/2018, encompasses the design, manufacture, supply, testing, and commissioning of passenger rolling stock (electrical multiple units), as well as personnel training for the Maharashtra Metro Rail Corporation Limited’s Pune Metro Rail Project. The execution of the order is scheduled to be completed within 30 months.

The announcement was made after market close. Titagarh Rail Systems’ shares last traded at ₹937.4, down -0.1%.

source: Corporate Announcement

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