India's Hilton Metal rises on approval for high-speed rail wheels from Rites

Hilton Metal Forging

23/06/2025 05:40

** Hilton Metal Forging HILT.NS rises ~5% to 73.66 rupees

** Rites RITS.NS, Indian railways' quality assurance agency, approves feasibility, production capability of Vande Bharat and LHB forged wheel development by co

** Says India seeking to convert 40,000 conventional railway coaches to Vande Bharat standards in the next few years

** Financial details of the deal has not been disclosed

** HILT loses ~26% YTD

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))