India's Titagarh Wagons surges 6% after unit wins $320 mln order

Titagarh Rail Systems

24/01/2022 04:54

** Railway wagon maker's shares  TITW.NS  rise as much as
6.32% to 122 rupees
    ** Company on Friday reported its Italy unit got an order
for supply and maintenance of 38 trainsets  urn:newsml:reuters.com:*:nFWN2U01OG
    ** TITW said total value of framework agreement is 282 mln
euros ($319.51 mln)
    ** About 1.2 mln shares change hands vs 30-day avg of 1.3
mln
    ** TITW shares up 27% in January after gaining 59.5% in 2021

 ($1 = 0.8826 euros)

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