Titagarh Wagons And Texmaco

The rally in these stocks is attributed to the Union Cabinet's approval of a multi-tracking project for the Ministry of Railways in Uttar Pradesh, estimated to cost RS 2,642 crore

Shares of railway companies saw a surge of up to 7 per cent on the BSE during intraday trading on Monday following the Union Cabinet's approval of metro projects exceeding Rs 30,000 crore.

The GoI is focusing on improving the railway infra and ensures faster development and completion of tracks, rail electrification, rolling stock manufacturing and delivery of passenger freight services

The Indian Railways' fast-track approach and the government's push for Atmanirbhar Bharat have catalysed to chart new frontiers

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.

RVNL, IRFC, IRCON International, NBCC, RailTel Corporation of India and Texmaco Rail & Engineering were up in the range of 5% to 18%.

The Ministry of Railways (Railway Board) has awarded an order to the company for manufacture and supply of 3,400 BOXNS wagons

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

Railway related stocks are poised for next leg of upside, shows techncial charts

Rail Vikas Nigam, Titagarh Wagons and Texmaco Rail & Engineering may soar up to 18 per cent in coming sessions

Railway stocks: In the upcoming budget, the railways has reportedly sought gross budgetary support (GBS) of Rs 1.5-1.8 trillion over the Rs 1.37 trillion figure earmarked during Budget 2022-23

At least 4 of the five bidders have formed JVs for the Rs 26,000-crore order

Titagarh Wagons is looking to invest close to Rs 1,000 crore over the next three to five years for capacity building in the manufacturing of wagons, coaches and foundry

The stocks are exhibiting positive trend amid reports that Indian Railways is expected to add 100,000 wagons over the next three years

Ashish Kumar Gupta, deputy managing director, TexRail, said the company is going to finalise the size and pricing of the rights issue before September-end

Railway-related stocks such as IRCTC and RITES may see a sharp surge once significant resistances are breached

Analysts believe the resumption of passenger train services is like a sentimental boost from the government and can give a short-term bounce to the stocks, an extension of lockdown may dent sentiment

Faced with stagnancy in wagon orders from Indian Railways recently, private wagon majors like Texmaco Rail Engineering Ltd (TREL) and Titagarh Wagons Ltd (TWL) are changing their product mix and market strategy to keep up with the changing times as well as de-risk themselves from Indian Railway.While TREL is focussing more on railway EPC (engineering, procurement and construction) and railway electrification - the specialities brought into the company after the acquisition of Kalindee Rail Nirman (Engineers) Ltd and Bright Power Projects (India) Pvt. Ltd, TWL is focussing more on exposure in the international market after the buyout in Titagarh Firema Adler SpA in Italy and a 50:50 joint venture with the French Matiere SAS. Also, its subsidiary, Titagarh Wagons AFR, in France, post the acquisition of Arbel Fauvet Rail in 2010, had given the company exposure to African countries.The metro projects are a key area for both these companies. While TREL is focussed on EPC projects in ...