India's Titagarh Wagons hits record high, BHEL up 3% on Vande Bharat trainsets order

Titagarh Rail Systems

12/04/2023 06:05

** Shares of Titagarh Wagons  TITW.NS  rose as much as 5.23%
to 303.65 rupees, a record high
    ** Rise in passenger coaches and freight wagons manufacturer
comes after the company, in a consortium with Bharat Heavy
Electricals  BHEL.NS  awarded an order for 80 numbers of Vande
Bharat trainsets by Indian Railways
    ** Order given to supply of trainsets at a rate of 1.2 bln
rupees per trainset
    ** Order pertains to manufacture and supply of trainsets,
comprehensive maintenance for 35 years
    ** BHEL shares rise as much as 3.13% on Wednesday
    ** Trading volume on TITW and BHEL rose above the 30-day
averages - Refinitiv data




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