Titagarh Wagons as well as Texmaco Rail and Engineering are two of the five companies that bagged an order of Rs 23,500 crore to supply 60,000 wagons to the Railways.

The other companies that got the contract include Oriental Foundry, Hindustan Engineering Industries, and Commercial Engineer and Body Builders Co (CEBBCO).

These wagons should be delivered by the financial year 2025-26.

Titagarh Wagons was awarded the largest share of this order of 24,177 units costing around Rs 9,249.48 crore. Texmaco Rail secured the second highest order of 20,067 units costing around Rs 7,615.18 crore.

The existing capacity of wagon manufacturers in India is approximately 30,000 units per annum. It was being underutilised as the procurements of the Indian Railways were approximately 9,600 wagons per annum.

The Indian railways are operating around 300,000 units (wagons) and the new ones would supplement this capacity.

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