Titagarh Wagons

Recently, Chennai Petroleum has formed a double-bottom pattern following a steep decline of 650 points, representing a 54 per cent price cut

Key projects, including the PLI scheme for train parts, Gati Shakti inclusion, redevelopment of railway stations, and the multitracking project, are opening unparalleled possibilities for the sector

The fall in the share price came after the company reported a weak set of numbers on the operations front.

Stocks to Watch today, Wednesday, July 24, 2024: HUL reported a 2.2 per cent Y-o-Y rise in consolidated net profit at Rs 2,610 crore for Q1FY25, in line with market expectations

Ramkrishna Forgings surged 8% to Rs 968.95 and TRSL soared 7% to Rs 1,689.95 in the intraday trade today

A combined 7.9 million equity shares representing 5.9 per cent of total equity of the company have changed hands on the NSE and BSE till 02:49 PM.

Titagarh Rail has been in a medium term uptrend. After a sharp run up the stock has been consolidating in a range and has formed a Triangle pattern on the hourly time frame chart.

Titagarh Rail Systems Revenue saw an 8 per cent year on year (YoY) uptick, reaching Rs 1,052.4 crore in Q4FY24 compared to Rs 974.2 crore in Q4FY23

At 6:40 AM, GIFT Nifty futures were up by 90 points, trading at 22,377.50 levels compared to Nifty50 futures, indicating a gap-up opening for the stock exchanges

Titagarh Rail Systems Ltd (TRSL) on Monday said its profit after tax in December quarter rose 91.3 per cent to Rs 75.03 crore. The company had posted a PAT of Rs 39.22 crore in the year-ago period, TRSL said in a filing to BSE. Net revenues during the third quarter increased to Rs 954.68 crore from Rs 766.4 crore in the year-ago period. "The company's robust performance in Q3 FY24 is a reflection of our sustained operational momentum. On a year-over-year basis, the freight rolling stocks/passenger rolling stocks recorded substantial growth. "The government's unwavering emphasis on the building of world-class rail infrastructure in India makes us enthusiastic about higher and sustained growth in the upcoming quarters," TRSL Vice Chairman and Managing Director Umesh Chowdhary said. TRSL offers mobility solutions with its presence in both the passenger and freight rail systems including railway wagons, components, passenger coaches and metro coaches.

Titagarh Rail said the partnership, aligned with the Indian government's "Make in India" and "Atmanirbhar Bharat" (self-reliant India) initiatives, has already had an early success

The Indian Rail Freight Industry is experiencing significant growth and improvements, with ambitious plans and increased investment aimed at enhancing capacity, efficiency, and sustainability

The stock of railway wagons maker had hit a record high of Rs 867 on Thursday, October 19. In the past year, the market price of TRSL has zoomed 438 per cent

The total order value of the project is estimated to be around Rs 857 crore

The Ahmedabad Metro Rail Phase-II project is being implemented by Gujarat Metro Rail Corporation (GMRC) at a cost of Rs 13,500 crore

Titagarh Rail Systems Ltd on Saturday reported a net profit of Rs 61.77 crore for the April-June quarter of 2023-24 driven by higher income. The company posted a consolidated net loss of Rs 6.46 lakh in the first quarter of the previous fiscal, the company said in a filing to BSE. The consolidated total income in the April-June period more than doubled to Rs 914.64 crore, over Rs 440.78 crore in the year-ago period, it said. Headquartered in Kolkata, the Titagarh group is a leading manufacturer of freight and passenger rolling stock. In March, Titagarh Rail Systems Ltd in consortium with Ramkrishna Forgings emerged as the lowest bidder for the supply of 15.40 lakh forged wheels to Indian Railways. The JV namely Ramkrishna Titagarh Wheels Ltd (RTWL) will be engaged in manufacturing and supply of forged wheels under the Atma Nirbhar Bharat initiative, the filing said.

TRSL recently received the largest-ever order for Wagons from Indian Railways

While TRSL is India's undisputed leader in the wagon manufacturing space, now it is also among India's very few integrated manufacturers of passenger rail systems.

A consortium of Ramkrishna Forgings Ltd and Titagarh Rail Systems Ltd has bagged an order worth about Rs 12,227 crore from the railways ministry to supply 15.40 lakh forged wheels under the government's Atmanirbhar Bharat initiative. The contract spans over 20 years, with the delivery of 40,000 forged wheels in the first year, 60,000 in the second year, and 80,000 wheels annually thereafter, Ramkrishna Forgings said in a statement on Friday. "Ramkrishna Forgings Limited (RKFL) and Titagarh Rail Systems Limited (TRSL) consortium has won a contract to supply 15,40,000 forged wheels under the Atmanirbhar Bharat initiative by Ministry of Railways," it said. The wheels will be used for LHB coaches, WAG9 locomotives, Vande Bharat Express trains, and other platforms and the total contract value is Rs 12,226.5 crore, the company said. The consortium will be establishing a facility to manufacture these forged wheels, with a total annual production target of 2,00,000 wheels when fully ...

Their consortium has won contract to supply 1.54 million forged wheels under Atmanirbhar Bharat Initiative by Ministry of Railways