India's Titagarh Rail Systems gains on commencing exports to Italy

Titagarh Rail Systems

24/07/2024 09:01

** Shares of Titagarh Rail Systems  TITG.NS  rise 3.1% to
1,637 rupees apiece
    ** Rises after the railway wagons and components maker
commences export of eight traction converters to Italian unit
Titagarh Firema
    ** Export is part of an order worth 7.14 million euros 
($7.73 million) received from Titagarh Firema    
    ** TITG will supply traction converters for 11 trains to
Titagarh Firema
    ** The export also marks the first rollout of traction
converters from passenger rolling stock facility of TITG in
India
    ** TITG shares up 57% in 2024 so far, according to exchange
data

    


($1 = 0.9234 euros)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))