India's Titagarh Wagons, Ramkrishna Forgings up on successful Railways supply bid

Titagarh Rail Systems

15/03/2023 05:04

** Shares of Titagarh Wagons  TITW.NS  and Ramkrishna
Forgings  RKFO.NS  rise over 4% and 9%, respectively
    ** A consortium of TITW and RKFO emerges as the lowest
bidder for manufacturing and supply of forged wheels for
Ministry of Railways 
    ** The project comes under the Indian government's
Aatma-Nirbhar Bharat initiative 
    ** Total quantity to be supplied will be around 1.54 mln
wheels over a period of 20 years
    ** RKFO shares most active in four months since mid-December
    ** Trading volume at 1.7 mln shares as of 10:31 a.m. IST,
quadruple the 30-day average 
    


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