Latest news with #MumbaiMetroRailProject
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Business Standard
7 days ago
- Business
- Business Standard
This railway wagon maker rises 3% on securing ₹1,599-cr order from NCC
Titagarh Rail Systems share price: Titagarh Rail Systems shares were buzzing in trade on the first trading day of the week i.e. Monday, August 4, 2025, with the scrip rising as much as 2.96 per cent to an intraday high of ₹861.85 per share. Around 10:30 AM, Titagarh Rail Systems share price was trading 1.55 per cent higher at ₹850. In comparison, BSE Sensex was trading 0.22 per cent higher at 80,781 levels. What sparked the northward move in Titagarh Rail Systems share price? Titagarh Rail Systems' share price rose after the company announced it had secured a major order from NCC Limited. The contract, valued at ₹1,598.55 crore, involves the design, manufacture, supply, installation, integration, testing, and commissioning of metro coaches. In an exchange filing, Titagarh Rail Systems stated, 'We wish to inform you that the Company, in its capacity as the specialised subcontractor for rolling stock in the tender of MMRDA, has received Letter of acceptance dated 2nd August 2025 from NCC Limited for 'Design, Manufacture, Supply, Installation, Integration, Testing and Commissioning of Rolling Stock (18 trains of 6 cars each to taking to 108 metro coaches) including 5 years of Comprehensive Maintenance after 2 years of Defect Liability Maintenance Period of Line 6 [Swami Samarth Nagar to Vikhroli (EEH)] of Mumbai Metro Rail Project of Mumbai Metropolitan Region Development Authority (MMRDA). The order value is about ₹1,598.55 crore.' About Titagarh Rail Systems Titagarh Rail Systems, previously known as Titagarh Wagons Limited, is a rolling stock manufacturer in the private sector. Founded in 1984 in Kolkata, the company began as a rolling stock foundry unit. Later, the company expanded its offerings by transitioning from manufacturing railway components to producing complete freight wagons. Now, Titagarh Rail Systems is involved in designing, manufacturing, and supplying a diverse range of products, including freight wagons, semi high-speed trains, metro coaches, transit and propulsion systems, and passenger coaches for Indian Railways and international markets. The market capitalisation of Titagarh Rail Systems is ₹11,447.27 crore, according to BSE. The company falls under the BSE 500 index category. The 52-week high of Titagarh Rail Systems share is ₹1,566.95, while its 52-week low is ₹655.30 per share.
Business Upturn
7 days ago
- Business
- Business Upturn
Titagarh Rail shares jump 3% after securing Rs 1,598 crore Mumbai Metro contract from NCC
By Aman Shukla Published on August 4, 2025, 09:34 IST Titagarh Rail Systems Ltd saw its shares rise 3% in early trade after the company announced it had bagged a major order worth ₹1,598.55 crore for the Mumbai Metro Rail Project. The Letter of Acceptance (LOA) was officially issued by NCC Limited on August 2, 2025. As of 9:33 AM, the shares were trading 2.43% higher at Rs 856.50. The contract involves the design, manufacturing, supply, integration, testing, and commissioning of 108 metro coaches for Mumbai Metro Line 6. The order covers 18 trains, each comprising six cars, which will operate on the corridor connecting Swami Samarth Nagar to Vikhroli (Eastern Express Highway). Besides rolling stock delivery, the agreement also includes a two-year Defect Liability Maintenance Period and an additional five-year comprehensive maintenance contract—extending Titagarh Rail's involvement in Mumbai's metro infrastructure over the long term. The design-build portion of the project is expected to be completed within 104 weeks. The maintenance phase will follow upon successful commissioning. The project was awarded by NCC Limited, a domestic infrastructure firm, under the broader Mumbai Metropolitan Region Development Authority (MMRDA) plan. Titagarh Rail also confirmed that this is not a related-party transaction and that neither its promoters nor group companies hold any stake in NCC. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
03-08-2025
- Business
- Business Upturn
Titagarh Rail secures contract worth Rs 1,598.55 crore for Mumbai Metro Rail Project from NCC
Titagarh Rail Systems Limited has bagged a major contract worth approximately ₹1,598.55 crore as a specialized subcontractor in the Mumbai Metro Rail Project. The Letter of Acceptance (LOA) was issued by NCC Limited on August 2, 2025. Under this high-value contract, Titagarh Rail will be responsible for the design, manufacturing, supply, installation, integration, testing, and commissioning of 108 metro coaches—comprising 18 trains with six cars each—for Mumbai Metro Line 6, which will run from Swami Samarth Nagar to Vikhroli (Eastern Express Highway). In addition to delivering the rolling stock, the contract also includes a two-year Defect Liability Maintenance Period, followed by five years of comprehensive maintenance, further expanding the company's long-term role in one of Mumbai's key metro corridors. The execution timeline for the design-build portion is 104 weeks, after which the maintenance phases will kick in. The project has been awarded by NCC Limited, a domestic entity, under the broader development plans of the Mumbai Metropolitan Region Development Authority (MMRDA). Titagarh Rail clarified that this is not a related-party transaction and no promoter or group company has any stake in NCC Limited. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
21-07-2025
- Business
- Mint
IRCON International share price jumps 4% on multiple order book updates: Check Details
Stock Market Today: IRCON International share price gained more than 4% in the morning trades on Monday. The gains were led by multiple order book updates in the Metro railway segment: Check Details IRCON International announced multiple order book updates that lifted investor sentiments. IRCON International has announced receipt of a letter of acceptance (LOA) from the Mumbai Metropolitan Region Development Authority (MMRDA). Mumbai Metropolitan Region Development Authority has awarded the work to Ircon International Limited. The scope of work in one project os for CA-239, Line-5, Package-2: Design, Manufacture, Supply, Installation, Integration, Testing, and Commissioning of 220 kV Receiving Substation Including 220 kV, 33 kV & 25 kV Cabling Work, Complete kV Overhead Catenary System along with Switching Station, 33 kV Auxiliary Power Distribution System Including 33/0.415 kV Auxiliary Sub-Station (ASS), and Complete SCADA System. The work also includes electrical and Mechanical works, Lift & escalator works for part of the main line, stations & Kasheli Depot of the Mumbai Metro Rail Line 5 Project of MMRDA. Including 5 years of comprehensive maintenance after 2 years of defect liability and maintenance period. The contract value is ₹ 471.30 crore ( ₹ 471,297,282,000). Another LOA received by IRCON International from the Mumbai Metropolitan Region Development Authority has awarded the work to Ircon International Limited for CA-233, Line-6, Package-2: The scope of work involves design, manufacture, supply, installation, integration, testing, and commissioning of power supply and traction, E & M, and lifts & escalators, including 5 years of comprehensive maintenance after 2 years of defect liability maintenance period of Line 6 [Swami Samarth Nagar to Vikhroli (EEH)] of the Mumbai Metro Rail Project of MMRDA. The size of the order is ₹ 642.44 crore, or ₹ 642,440,245,134, and EUR 2,788,168.31 (Six Hundred and Forty-Two Crore Forty-Four Lakh Two Thousand Four Hundred and Fifty-One Rupees and Thirty-Four Paisa and Two Million Seven Hundred Eighty-Eight Thousand Euros Only) IRCON International Order also announced Receipt of a Letter of Award (LOA) from Rail Vikas Nigam Limited (RVNL) The scope of order for IRCON International in the state of Madhya Pradesh is for "Construction of Roadbed, Minor Bridges, Buildings, Installation of Track (Excluding Supply of Rails, Sleepers & Thick Web Switches), and other Civil Engineering and General Electrical Works in connection with New BG Railway Line Between Pipaliya Nankar (Excl.) – Budni (Incl.) Stations (Chainages 129.000 – 198.000 Km) in Indore-Budni section of Bhopal Division West Central Railway in Madhya Pradesh State, India " The order is for ₹ 755.79 crore IRCON International share price thereby opened at ₹ 192.10 and went on to hit highs of ₹ 195, and this meant gains of more than 4% during the intraday trades compared to the previous day's closing price of ₹ 186.95. Disclaimer: The views and recommendations made above are those of individual analysts or brokerage companies and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
21-07-2025
- Business
- Mint
IRCON share price: Railway PSU stock jumps over 4% despite weak Indian stock market; here's why
A railway PSU stock, IRCON International, jumped over 4 per cent in morning trade on the BSE on Monday, July 21, in an otherwise weak market. IRCON share price opened at ₹ 192.10 against its previous close of ₹ 186.95 and jumped 4.30 per cent to an intraday high of ₹ 195. Around 10 AM, the PSU stock traded 2.46 per cent higher at ₹ 191.55. IRCON share price are rising after the railway PSU company received orders from IRCON and the Mumbai Metropolitan Region Development Authority (MMRDA). After market hours on Friday, July 18, IRCON announced that it had received a letter of award for a project floated by RVNL. The company bid for the project in a joint venture with JPWIPL, holding a 70 per cent stake, while JPWIPL held the remaining 30 per cent. The RVNL project is valued at nearly ₹ 756 crore, with IRCON's share of ₹ 529 crore. IRCON has received two separate orders from the Mumbai Metropolitan Region Development Authority, worth ₹ 471.30 crore and ₹ 642.44 crore, respectively. The ₹ 471 crore order is for the design, manufacture, supply, installation, integration, testing and commissioning of 220 kV receiving substation, including 220 kV, 33kV & 25kV cabling work, complete 25kV overhead catenary system along with switching station, 33kV auxiliary power distribution system and complete SCADA system, electrical and mechanical works, lift and escalator works for part of main line, stations and Kasheli Depot of Mumbai Metro Rail Line 5 project of MMRDA, including five years of comprehensive maintenance after two years of defect liability and maintenance period. The ₹ 642 crore order is for the design, manufacture, supply, installation, integration, testing, and commissioning of power supply and traction, E&M, lifts, and escalators, including five years of comprehensive maintenance after two years of defect liability maintenance period of line 6, from Swami Samarth Nagar to Vikhroli, of the Mumbai Metro Rail Project of MMRDA. (This is a developing story. Please check back for fresh updates.)
