Titagarh Rail Systems Ltd Secures Revised Order of Rs. 7,100 Crores and Reinstatement of Earlier Contract

Titagarh Rail Systems Ltd has successfully negotiated the short closure of 3,089 BCNA wagons out of a total ordered quantity of 24,177 wagons with the Indian Railways. This decision was taken to balance the available capacity with workloads and help save incurring liquidated damages on the said quantity. As a result, the total revised order quantity of the said order now stands at 21,804 wagons amounting to Rs. 7,100 Crores. In addition, the Company has received a favourable award against an earlier wagon contract dated 30.09.2020, reinstating a quantity of 390 BCNA wagons valued at INR 33.19 Lakhs, which was short closed by the Indian Railways. The delivery of these wagons is to be made in 6 months from the award date.