+
Titagarh Wagons confirms single-largest order for 24,177 wagons
RAILWAYS & METRO RAIL

Titagarh Wagons confirms single-largest order for 24,177 wagons

Titagarh Wagons has received a letter of acceptance (LoA) for manufacturing and supplying 24,177 wagons from Indian Railways worth Rs 7,838 crore plus taxes.

The company said that the order is required to be executed over thirty-nine months. This is the single-largest order since 1997.

Vice-Chairman and Managing Director Umesh Chowdhary said the government had announced to look at doubling freight loading in the next few years, which might lead to the procurement of a much larger number of wagons.

He said that the company is expecting to receive an order for a large quantity, and this order for 24,177 wagons reaffirms the leadership position in this business segment and boosts its financial performance. It would also enable the company to become the most dependable rolling stock products manufacturer.

He added that the company is also trying to develop an export market for freight wagons and transit train businesses. International certification and application for accreditation of services are completed for accepting its products globally.

Chowdhary said that the company had recently opened an office in America and has a significant presence in Europe through our Italian subsidiary involved in transit train manufacturing.

The company will be synergising its Indian and Italian operations to cover the global market for freight wagons and transit businesses.

The company reported a consolidated net loss of Rs 18.79 crore for FY21, while its revenue from operations was Rs 1,520.64 crore.

Image Source

Also read: Titagarh Wagons rolls out first train for Pune metro rail project

Titagarh Wagons has received a letter of acceptance (LoA) for manufacturing and supplying 24,177 wagons from Indian Railways worth Rs 7,838 crore plus taxes. The company said that the order is required to be executed over thirty-nine months. This is the single-largest order since 1997. Vice-Chairman and Managing Director Umesh Chowdhary said the government had announced to look at doubling freight loading in the next few years, which might lead to the procurement of a much larger number of wagons. He said that the company is expecting to receive an order for a large quantity, and this order for 24,177 wagons reaffirms the leadership position in this business segment and boosts its financial performance. It would also enable the company to become the most dependable rolling stock products manufacturer. He added that the company is also trying to develop an export market for freight wagons and transit train businesses. International certification and application for accreditation of services are completed for accepting its products globally. Chowdhary said that the company had recently opened an office in America and has a significant presence in Europe through our Italian subsidiary involved in transit train manufacturing. The company will be synergising its Indian and Italian operations to cover the global market for freight wagons and transit businesses. The company reported a consolidated net loss of Rs 18.79 crore for FY21, while its revenue from operations was Rs 1,520.64 crore. Image Source Also read: Titagarh Wagons rolls out first train for Pune metro rail project

Next Story
Building Material

UltraTech’s Limestone Mine Gets India’s First-Ever 7-Star Rating

UltraTech Cement, India’s largest producer of cement and Ready-Mix Concrete (RMC), has received top honours for sustainable mining practices. Thirteen of the company’s limestone mines were awarded star ratings by the Indian Bureau of Mines (IBM), Ministry of Mines, for FY 2023–24 during a ceremony held in Jaipur, Rajasthan. Among these, the Naokari Limestone Mine—part of UltraTech’s Awarpur Cement Works in Chandrapur, Maharashtra—was awarded India’s first-ever 7-star rating for a limestone mine, in recognition of exceptional performance in ‘Green Mining’. The remain..

Next Story
Infrastructure Urban

Sieger Parking Enters Mumbai Market, Expands West India Presence

Sieger Parking, a Coimbatore-headquartered specialist in automated and multi-level car parking systems, has announced its entry into Western India with the launch of a regional office in Mumbai. This move marks a key milestone in the company’s pan-India growth strategy and its commitment to delivering technology-driven, space-efficient parking solutions across urban India. The Mumbai office will serve as the regional headquarters for Maharashtra and neighbouring states, supporting end-to-end operations with on-ground sales, project management, and service teams. The aim is to fast-track..

Next Story
Resources

IGBC Green Kochi Conclave 2025 Champions Culture and Climate Action

The Indian Green Building Council (IGBC), part of CII, hosted the Green Kochi Conclave 2025 on 4 July at Hotel Holiday Inn, Kochi, under the theme “Tharavadu to Tomorrow: Weaving Kerala’s Heritage into a Sustainable Built Environment.” The event brought together policymakers, architects, developers, and thought leaders to discuss Kerala’s progress in blending cultural heritage with sustainable design.  Kerala is emerging as a frontrunner in climate-resilient development, thanks to passive design strategies, rainwater harvesting, cool roof initiatives, and the widespread adopt..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?