News: Titagarh Wagons has received an order for manufacture and supply of 24,177 wagons from Indian Railways. This consists of 19,854 BCNA Wagons and 4,323 BOXNHL Wagons. The total value of the contract is Rs 7,838 crore plus taxes. The order is required to be executed over 39 months.
Views: With this contract, the company’s total order book is at Rs 10,645 crore. This is a big contract (single largest order ever received) for Titagarh Wagons considering that the company’s TTM revenues at ~Rs 1880 crore. This order is a part of 90,000 wagons tender from Indian Railways (recently Texmaco also received order for 20067 wagons) to improve wagon availability in the country. Indian Railways' target is to increase its freight loading share to about 35% by 2031, from 26-27% at present.
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