India's Titagarh Rail hits record high on metro partnership with ABB India

ABB India

21/11/2023 04:06

** Shares of Titagarh Rail Systems  TITG.NS  rise as much as
9.5% to a record high of 1,025 rupees and ABB India  ABB.NS  up
1.7%
    ** ABB, which makes factory robots, automation systems, said
on Monday it formed a partnership for metro projects in India
with railway wagon maker TITG
    ** Both cos will supply propulsion systems for metro
projects in India 
    ** TITG shares up 353% so far this year including Tuesday's
gains, while ABB stock up 64% YTD

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))