Titagarh Rail Systems Bags Rs. 17.17 bn Wagon Order
RAILWAYS & METRO RAIL

Titagarh Rail Systems Bags Rs. 17.17 bn Wagon Order

Kolkata-based Titagarh Rail Systems has received an additional order worth Rs. 17.17 bn, excluding goods and services tax (GST), from the Ministry of Railways for manufacturing and supplying 4,955 BOXNHL wagons. The company disclosed the development in a regulatory filing dated October 28.

The order was placed under the option clause of the original contract and carries the same price, terms and conditions. With the additional quantity, the total number of BOXNHL wagons covered by the contract has risen to 9,994.

The total amended contract value stands at Rs. 104.04 bn, inclusive of GST, according to the filing. Titagarh Rail Systems said the additional order must be executed and delivered within 222 days from the date of the amendment letter.

Completion of the additional supply is scheduled for June 7, 2027. The amendment letter was issued by the Ministry of Railways on October 28 under Clause 12 of the original contract, which provides for the option quantity.

The company classified the awarding entity as a domestic organisation and said the order was not a related-party transaction. It also stated that its promoters, promoter group and group companies had no interest in the entity awarding the contract.

Shares of Titagarh Rail Systems closed at Rs. 692.40 on the BSE on October 28, gaining Rs. 38.95, or 5.96 per cent, over the previous close. The additional order expands the company’s freight wagon supply commitments under its existing railway contract.

Kolkata-based Titagarh Rail Systems has received an additional order worth Rs. 17.17 bn, excluding goods and services tax (GST), from the Ministry of Railways for manufacturing and supplying 4,955 BOXNHL wagons. The company disclosed the development in a regulatory filing dated October 28. The order was placed under the option clause of the original contract and carries the same price, terms and conditions. With the additional quantity, the total number of BOXNHL wagons covered by the contract has risen to 9,994. The total amended contract value stands at Rs. 104.04 bn, inclusive of GST, according to the filing. Titagarh Rail Systems said the additional order must be executed and delivered within 222 days from the date of the amendment letter. Completion of the additional supply is scheduled for June 7, 2027. The amendment letter was issued by the Ministry of Railways on October 28 under Clause 12 of the original contract, which provides for the option quantity. The company classified the awarding entity as a domestic organisation and said the order was not a related-party transaction. It also stated that its promoters, promoter group and group companies had no interest in the entity awarding the contract. Shares of Titagarh Rail Systems closed at Rs. 692.40 on the BSE on October 28, gaining Rs. 38.95, or 5.96 per cent, over the previous close. The additional order expands the company’s freight wagon supply commitments under its existing railway contract.

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