Titagarh Firema S.p.A.(‘TFA’), the subsidiary of Titagarh Wagons Ltd in Italy, has signed the framework agreement for design, manufacture, supply and ten years of maintenance of 38 trainsets of Metro for Lazio Regione, Italy. The total value of the framework agreement is Euro 282 million, equivalent to Rs2,380cr approx.
Further, the new trainset will be compliant with latest Norms for safety and they offer modern design and improved comfort to the passengers. ‘I'he new trains will be easily accessible to all the passengers and includes two areas for passenger with reduced mobility (PRM) close to each driver cab.
The order book of TFA (including framework contracts) stands at approx. Euro 520 million, equivalent to Rs4420cr approx.
At around 12:29 PM, Titagarh Wagons was trading at Rs113.35 per piece down by Rs1.15 or 1% on Sensex.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.